Question: Suppose that at market close that same day 1,000 additional investors buy one share each of the mutual fund at the NAV of $31.54. This

Suppose that at market close that same day 1,000 additional investors buy one share each of the mutual fund at the NAV of $31.54. This means that the fund manager has $31,540 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Before he can execute the trade, JP rises to $72.50

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