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Open - end Fund A has 1 6 9 shares of ATT valued at $ 3 7 each and 3 2 shares of Toro valued
Openend Fund A has shares of ATT valued at $ each and shares of Toro valued at $ each. Closedend Fund B has shares of ATT and shares of Toro. Both funds have shares outstanding.
a What is the NAV of each fund using these prices? Round your answers to decimal places. eg
b If the price of ATT stock increases to $ and the price of Toro stock declines to $ how does that impact the NAV of both funds? Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to decimal places. eg
c Assume that another shares of ATT valued at $ are added to Fund A The funds needed to buy the new shares are obtained by selling more shares in Fund A What is the effect on Fund As NAV if the prices remain unchanged from the original prices?
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