Suppose an open-ended mutual fund contains 100 shares of Walmart currently trading at $120, 1,000 shares of

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose an open-ended mutual fund contains 100 shares of Walmart currently trading at $120, 1,000 shares of Target currently trading at $110, and 500 shares of Costco currently trading at $300. The mutual fund has 10,000 shares outstanding.

What is the current NAV?

Related Book For answer-question

Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

See More Books

Posted Date: Apr 24, 2024 09:19 AM

See More Questions

Suppose today a mutual fund contains 2,000 shares of J. P. Morgan Chase, currently trading at $ 46.75, 1,000 shares of Walmart, currently trading at $ 70.10, and 2,500 shares of Pfizer, currently...
Q1- The average annual total returns for the Titan equity fund as follows: 10 years Titan equity fund 11.94% Investing $10,000 in the Titan fund and compounding at the rate of 11.94 percent each year...
The summarized statements for the year ended 31 December 2007 for Mat, Rug and P entities are as follows: Statements of comprehensive income for the year ended 31 December 2007 The following...
During 2018, Susan incurred and paid the following expenses for Beth (her daughter), Ed (her father), and herself: Surgery for...
A firm's production function is Q = 5L2/3K1/3 with MPK = (5/3)L2/3K2/3 and MPL = (10/3)L1/3K1/3. a) Does this production function exhibit constant, increasing, or decreasing returns to scale? b) What...
Compute the 2021 AMT exemption for the following taxpayers. a. Bristol, who is single, reports AMTI of $650,000. b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,528,000.
The concrete composite post in Figure 1.47 is 1.2 m long with a 0.3 m 0.3 m square cross section. The post is reinforced by four vertical steel rods of the same length having a cross-sectional area...
Carmen Seville and Don Turco jointly own Bright Green Temp Services (BGTS). Carmen owns 60 percent and Don owns 40 percent. The company provides temporary clerical services at a rate of $40 per hour....
Problem #3: A steady free jet of water exits a 0.5 inch diameter nozzle with uniform velocity V (point 1). The water jet impinges on a flat plate having a weight of 5 lbf and hinged at the left edge...
Assume a file named my data.txt already exists and contains an unknown number of lines. Each line contains an integer value. Write a program that copies the contents of my_data.txt to another file...
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $201,000; patents and copyrights = $855,000; accounts payable = $288,000;...
Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $23, fixed manufacturing overhead $6, variable selling and administrative expenses $2, and fixed...
Blockchain Company reported income tax expense on their income statement of $256,000. Additional information reported on their balance sheet includes the following: Beginning income taxes payable...
Oriole Corporation's December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 20000 shares authorized; 15000 shares issued Common stock, $10 par value, 1950000 shares...
Instructions Preferred 2% Stock, $80 par (200,000 shares authorized, 65,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock $5,200,000 360,000 Common Stock, $12 par (3,000,000 shares...
Determine the least squares regression line equation (y= ax+b) for the following questions: 1. 2. X y 0 5.8 2 5.7 3 5.2 5 2.8 6 1.9 6 2.2
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
For each system in Figure 15.3, identify (a) the restoring force (b) the type of potential energy associated with the motion. Figure 15.3 Examples of oscillating systems. (a) pendulum (b) ruler...
Suppose the spring in Figure 15.1 is compressed twice as much. (a) By how much does the mechanical energy of the spring-cart system increase? $(b)$ What is the relationship between the amplitude of...
What are (a) the direction of the velocity of the shadow on the screen in Figure 15.6 (b) the direction of the shadow's acceleration? Figure 15.6 If we project the shadow of a ball moving in a circle...

Suppose an open-ended mutual fund contains 100 shares of Walmart currently trading at $120, 1,000 shares of

Question:

Expert Answer:

To calculate the Net Asset Value NAV of the mutual fund yo... View the full answer

Financial Markets and Institutions

Students also viewed these finance questions