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De 6 Not yet ered Oryx Mutual Fund started operations on 1st January 2018 with 50,000 Rials by selling units at 2 Rial each On

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De 6 Not yet ered Oryx Mutual Fund started operations on 1st January 2018 with 50,000 Rials by selling units at 2 Rial each On 31 December Oryx fund is holding the following shares Stock Number of Price on Shares held 31 Dec, 2018 Marked out of 2.00 Flag question A 5000 2.2 B 6400 3.1 Ic 3000 113 D 2400 14.5 Expenses during the year 2018 are estimated to be 1500 Rials. Calculate the NAV? Can we say that investors who purchased units of Oryx MF on 19 Jan, 2018 gained or lost 7 Justify Paragraph 4 B TE 20 0

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