Question
q48 3. A mutual fund holds the following stocks: Snap (3,970,000 shares at $9.3), Datadog (2,380,000 shares at $72), and Target (4,633,000 shares at $132).
q48
3. A mutual fund holds the following stocks: Snap (3,970,000 shares at $9.3), Datadog (2,380,000 shares at $72), and Target (4,633,000 shares at $132). The fund holds cash of $100,000. There is a $941,000 accrued management fee. The mutual fund has 39.1 million shares outstanding. What is the fund's NAV?
please show work
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
Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
