Question
On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.: Stock Shares Owned Price 1 1000 $72.86 2 1000 $4.54
On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.:
| Stock | Shares Owned | Price |
| 1 | 1000 | $72.86 |
| 2 | 1000 | $4.54 |
| 3 | 2000 | $5.23 |
| 4 | 3000 | $10.26 |
| 5 | 15000 | $25.4 |
Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.
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Project Finance Practical Case Studies Volume 2
Authors: Henry A. Davis
2nd Edition
1843740524, 9781843740520
