On December 31 a mutual fund has the following assets and prices at 4:00 p.m. Calculate the

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On December 31 a mutual fund has the following assets and prices at 4:00 p.m.

Stock 1 2 3 4 CT 5 Shares owned 1,000 5,000 1,000 10,000 3,000 Price $1.97 $48.26 $26.44 $67.49 $2.59

Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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Question Posted: Oct 17, 2023 07:36 AM

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On December 31 a mutual fund has the following assets and prices at 4:00 p.m. Calculate the

Question:

Stock 1 2 3 4 CT 5 Shares owned 1,000 5,000 1,000 10,000 3,000 Price $1.97 $48.26 $26.44 $67.49 $2.59

Step by Step Answer:

To calculate the Net Asset Value NAV of the mutual fund you need to determine the total value of ...View the full answer

Financial Markets And Institutions

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