On January 1st, a mutual fund has the following assets and prices at 4:00 p.m. Calculate the
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Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.
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Stock Shares owned Price 1,000 $1.97 $48.26 5,000 $26.44 1,000 $67.49 10,000 $2.59 3,000 4)
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Related Book For
Financial Markets and Institutions
ISBN: 978-0133423624
8th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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