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I need help with this question ASAP(: A Mutual Fund's Net Asset Value (NAV). PLEASE SHOW YOUR WORK CLEARLY. Suppose that a few months ago
I need help with this question ASAP(: A Mutual Fund's Net Asset Value (NAV). PLEASE SHOW YOUR WORK CLEARLY. Suppose that a few months ago you purchased a given number of shares of a mutual fund at the fund's Net Asset Value (NAV) which, at that time, was $2.34. What would the yield (% rate of return on your investment) be if you were to sell your shares today at today's NAV? Below is this mutual fund's relevant information as of today Cash 700 Accrued fees and other liabilities......$216,900 Current market value of holdings of stocks. $15,192,000 Current market value of holdings of bonds.... ..$3,348,200
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