Question
Open-end Fund A has 195 shares of Verizon valued at $50 each and 45 shares of Tesla valued at $90 each. Closed-end Fund B has
Open-end Fund A has 195 shares of Verizon valued at $50 each and 45 shares of Tesla valued at $90 each. Closed-end Fund B has 90 shares of Verizon and 87 shares of Telsa. Both funds have 1,000 shares outstanding. What is the NAV of Fund B using these prices? Round to the nearest cent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
