Given the following data about XYZ Mutual Fund on Oct. 1: Assets: Liabilities: Cash = $40,000 Accrued fees and expenses = $5,000 1,000 Shares
Given the following data about XYZ Mutual Fund on Oct. 1: Assets: Liabilities: Cash = $40,000 Accrued fees and expenses = $5,000 1,000 Shares of Stock A: Closing Price $30 2,000 Shares of Stock B: Closing Price = $40 1,000 Shares of Stock C: Closing Price =$50 Shares Outstanding = 6,000 Total Value of the Assets = $200,000 Compute the Net Asset Value of XYZ mutual Fund on Oct 1: a) NAV = If the stock price of A closes at $32 and the stock price of B closes at $42, and the Stock price of C closes at $47 on Oct. 2, what will be the new NAV of XYZ mutual fund on Oct 2? b) NAV =
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
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