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 was 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 $317

Answer rating: 100% (QA)

To calculate XTRAs net asset value NAV tomorrow we first need to determine the current total value o... View the full answer