Question: Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: The fund began by selling $50,000 of stock at $8.00 per

Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:


Suppose ABC Mutual Fund had no liabilities and owned only


The fund began by selling $50,000 of stock at $8.00 per share. What is itsNAV?

Stock Price Market Value Shares 1,000 1,200 1,500 $12 15 $12,000 18,000 33,000 1XX) $75,800 800 16

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