Question
Consider the Defiance Bond Fund that consists of the 3 bonds shown below and has no liabilities. Company Current Bond Value # Bonds Komko 980
Consider the Defiance Bond Fund that consists of the 3 bonds shown below and has no liabilities.
| Company | Current Bond Value | # Bonds |
| Komko | 980 | 120 |
| Hijack | 1010 | 150 |
| Mitsue | 1300 | 100 |
If initially the value of the fund was $250,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?
| A. | $25.00 | |
| B. | $38.91 | |
| C. | $39.81 | |
| D. | $31.98 | |
| E. | $39.91 |
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Day Trading Strategies And Risk Management
Authors: Richard N. Williams
1st Edition
979-8863610528
