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You are the manager of mutual fund, XTRA, an open-ended fund that includes the following three stocks: 200 shares of ARM @ $50 per share,
You are the manager of mutual fund, XTRA, an open-ended fund that includes the following three stocks: 200 shares of ARM @ $50 per share, 100 shares of KGB @ $20, and 100 shares of WMT @ $30. The fund has 500 shares outstanding. Today an investor purchases $900 worth of XTRA shares, and you decide to use it to purchase additional KGB shares. What is XTRA's net asset value (NAV) tomorrow if ARM price decreases to $48, KGB increases to $24, and WMT increases to $31? OA. $118.25 B.$60.76 OC. $39.65 O D. $30.53
You are the manager of mutual fund, XTRA, an open-ended fund that includes the following three stocks: 200 shares of ARM @ $50
per share, 100 shares of KGB @ $20, and 100 shares of WMT @ $30. The fund has 500 shares outstanding. What is XTRA's net asset value (NAV)?
A. $119
B. $30
O C.$37.6
O D.$61
Your company, Ohiobucks (OB), hires an investment bank to underwrite an issue of 10 million shares of OB stock on a best-effort basis.
The investment bank sells 8 million shares and charges OB $0.225 per share sold. The price of each share is $10.50. How much does
OB receive after the issuance?
A.$110.0 MM
B. $15.5 MM
O C. $82.2 MM
O D. $76.3 MM
TRD Warehouse Inc. (TRD) hires an investment bank to underwrite an issuance of 10 million shares of stock on a best-effort basis. If the bank sells 9.5 million shares for $11.20 per share and charges TRD $0.45 per share sold, How much is the bank's profit?
A. $102.125 MM
B. $106.40 MM
O C. $4.275 MM
D. $4.5 MM
TRD Warehouse Inc. (TRD) hirts an investment bank to underwrite an issuance of 10 million shares of stock on a best-effort basis. If the bank sells 9.5 million shares for $11.20 per share and charges TRD $0.45 per share sold, How much money does TRD receive?
A.$107.5 MM
B. $112.0 MM
C. $102.125 MM
D. $4.275 MM
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