An open-ended fund holds three stocks at the end of the business day: 500,000 shares of A valued at $20 each; 100,000 shares of B valued at $10 each; and 200,000 shares of C valued at $15 each plus $1 million in cash. The fund currently has one million shares outstanding. What is the NAV per share? What are the primary advantages and disadvantages of an open-ended fund, relative to a closed-ended fund?

Answer rating: 100% (QA)

To calculate the Net Asset Value NAV per share of the openended fund we need to determine the total value of the funds assets and divide it by the num... View the full answer