Question
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value W X Y Z 1,000 1,200
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value W X Y Z 1,000 1,200 1,500 800 $12 15 22 16 $12,000 18,000 33,000 12,800 $75,800 The fund began by selling $50,000 of stock at $8.00 per share. What is its NAV?
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Re Imagining Offshore Finance
Authors: Christopher M. Bruner
1st Edition
0190466871, 978-0190466879
