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On January 1st, the shares and prices for a mutual fund at 4:00 pm are in the table below. Assume 5036 shares are outstanding and
On January 1st, the shares and prices for a mutual fund at 4:00 pm are in the table below.
Assume 5036 shares are outstanding and liability is $204210.
Determine the NAV.
Stock ----------------Shares owned ---------------Price
1 ----------------------------1461 --------------------------$2.43
2 ----------------------------2557--------------------------$51
3 ----------------------------4494-------------------------- $22
4 ----------------------------6783-------------------------- $57
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