Question: Answer the Question below, Do not copy paste from others please, Own Calculation On January 1st, a mutual fund has the following assets and prices

Answer the Question below, Do not copy paste from others please, Own Calculation

  1. On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.:

Stock

Shares owned

Price

1

1,000

$ 1.97

2

4,000

$48.26

3

1,000

$26.44

4

5,000

$67.49

5

2,000

$ 2.59

Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund and the fund has $75,000 in liabilities.

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