Question
DSD open-end mutual fund contains the following assets as of end of day March 1, 2XX1: Stock Name Shares Price/sh. RDC Corp 10,000 $24 Jada
DSD open-end mutual fund contains the following assets as of end of day March 1, 2XX1:
| Stock Name | Shares | Price/sh. |
| RDC Corp | 10,000 | $24 |
| Jada Inc. | 25,000 | $16.50 |
| Weller Inc. | 12,000 | $32.30 |
The mutual fund has no liabilities and 20,000 shares outstanding held by investors.
1) What is the funds NAV at days end March 1, 2XX1?
Tomorrow, March 2, 2XX1 the fund contains the following:
| Stock Name | Shares | Price/sh. |
| RDC Corp | 12,000 | $24.50 |
| Jada Inc. | 25,000 | $17 |
| Weller Inc. | 11,000 | $30 |
The mutual fund has no liabilities and 22,000 shares outstanding held by investors.
2) What is the funds NAV at days end March 2, 2XX2?
| A. | 1) $52.005 2) $47.682 | |
| B. | 1) $47.682 2) $52.005
| |
| C. |
1) $51.005 2) $48.682
| |
| D. | 1) $48.682 2) $51.005 |
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
