Question
On December 31 a mutual fund has the following assets and prices at 4:00 p.m. Stock Share Owned Price 1 1000 $1.97 2 5000 $48.26
On December 31 a mutual fund has the following assets and prices at 4:00 p.m.
| Stock | Share Owned | Price |
| 1 | 1000 | $1.97 |
| 2 | 5000 | $48.26 |
| 3 | 1000 | $26.44 |
| 4 | 10000 | $67.49 |
| 5 | 3000 | $2.59 |
Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.
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Volatility Risk And Uncertainty In Financial Markets
Authors: Robert A. Schwartz , John Aidan Byrne , Antoinette Colaninno
1st Edition
1441914730,1441914749
