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.
Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.
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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
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Related Book For
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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