Question
On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.: Stock Shares owned Price 1 1,000 $ 1.97 2 4,000
- On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.:
| Stock | Shares owned | Price |
| 1 | 1,000 | $ 1.97 |
| 2 | 4,000 | $48.26 |
| 3 | 1,000 | $26.44 |
| 4 | 5,000 | $67.49 |
| 5 | 2,000 | $ 2.59 |
Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund and the fund has $75,000 in liabilities.
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Impact Investing In Africa A Guide To Sustainability For Investors Institutions And Entrepreneurs
Authors: Edward Mungai
1st Edition
3030004279,3030004287
