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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. If the price of Verizon stock increases to $51.25 and the price of Telsa stock declines to $87.292, how much does the value of Fund B change in percentage terms? (round to 2 decimal places, e.g. 4 and 2/3 percent=4.67)
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