On January 1, 2004, ChigaBiga Fund an all equity mutual fund was established At that time, funds collected were used to purchase the following securities 01 01 2004 31 12 04 securities Shares price price A 250000 10 75 11 55 B 150000 15 75 14 25 C 210000 32 25 32 5 ChigaBiga issued 5 million shares...

To calculate the Net Asset Value NAV of ChigaBiga Fund in January 2 ...

On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time,

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On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time, funds collected were used to purchase the following securities:

		01/01/2004	31/12/04
securities	#Shares	price	price
A	250000	10.75	11.55
B	150000	15.75	14.25
C	210000	32.25	32.5

ChigaBiga issued 5 million shares (or units) to investors. What is the NAV in January 2004?

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Advanced Accounting

ISBN: 978-0133451863

12th edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Posted Date: May 11, 2024 08:42 AM

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On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time,

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Advanced Accounting

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