Suppose an open-ended mutual fund contains 100 shares of Walmart currently trading at $120, 1,000 shares of
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Question:
Suppose an open-ended mutual fund contains 100 shares of Walmart currently trading at $120, 1,000 shares of Target currently trading at $110, and 500 shares of Costco currently trading at $300. The mutual fund has 10,000 shares outstanding.
What is the current NAV?
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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