Question
Suppose that the ABC Mutual Fund has the following positions (and $11,400 in liabilities). The fund originated by selling $50,000 of shares at $10 per
Suppose that the ABC Mutual Fund has the following positions (and $11,400 in liabilities). The fund originated by selling $50,000 of shares at $10 per share, and the number of shares is currently the same. What is ABCs NAV?
Stock Shares Price
W 2000 $22
X 2200 $15
Y 2400 $22
Z 1900 $14
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
