Question
Suppose a mutual fund contains 6,500 shares of Intel currently trading at $25, 1,250 shares of Coca-Cola trading at $60 per share, and 1,600 shares
Suppose a mutual fund contains 6,500 shares of Intel currently trading at $25, 1,250 shares of Coca-Cola trading at $60 per share, and 1,600 shares of Verizon trading at $37.50 per share. If the mutual fund as 22,000 shares outstanding, what is the NAV of the fund?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
