Question: plz help me finish first two are correct. Open-end Fund A has 205 shares of ATT valued at $55 each and 50 shares of Toro

plz help me finish first two are correct.
plz help me finish first two are correct. Open-end Fund A has

Open-end Fund A has 205 shares of ATT valued at $55 each and 50 shares of Toro valued at $95 each. Closed-end Fund 8 has 95 shares of ATT and 92 shares of Tora. Both funds have 1,000 shares outstanding: a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.9., 32.1611) b. If the price of ATT stock increases to $56.25 and the price of Toro stock declines to $92.292, how does that impoct the NAV of both funds? (Negative amounts should be indicated by a minus sign, Do not round intermediate calculations. Found your answers to 2 decimal places. (e,g.32.16) ) c. Assume that another 175 shares of ATT valued at $55 are added to Fund A. The funds needed to buy the new shares are obtained by seling 605 more shares in Fund A. What is the effect on Fund A's NAV it the prices remein unchanged from the oniginal prices? Open-end Fund A has 205 shares of ATT valued at $55 each and 50 shares of Toro valued at $95 each. Closed-end Fund 8 has 95 shares of ATT and 92 shares of Tora. Both funds have 1,000 shares outstanding: a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.9., 32.1611) b. If the price of ATT stock increases to $56.25 and the price of Toro stock declines to $92.292, how does that impoct the NAV of both funds? (Negative amounts should be indicated by a minus sign, Do not round intermediate calculations. Found your answers to 2 decimal places. (e,g.32.16) ) c. Assume that another 175 shares of ATT valued at $55 are added to Fund A. The funds needed to buy the new shares are obtained by seling 605 more shares in Fund A. What is the effect on Fund A's NAV it the prices remein unchanged from the oniginal prices

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!