Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. $$\begin{array} { c c c }
\text { Stock } & \text { Shares } & \text { Price } \
\hline \mathrm { X } & 7900 & 16 \
\mathrm { Y } & 8100 & 15 \
\mathrm { Z } & 9200 & 12
\end{array}$$ The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

Question

Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. $$\begin{array} { c c c } 
\text { Stock } & \text { Shares } & \text { Price } \
\hline \mathrm { X } & 7900 & 16 \
\mathrm { Y } & 8100 & 15 \
\mathrm { Z } & 9200 & 12
\end{array}$$ The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

Quizplus · Accepted Answer

The Answer of Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. $$\begin{array} { c c c } 
\text { Stock } & \text { Shares } & \text { Price } \
\hline \mathrm { X } & 7900 & 16 \
\mathrm { Y } & 8100 & 15 \
\mathrm { Z } & 9200 & 12
\end{array}$$ The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

Suppose NBT Mutual Fund Has No Liabilities and Owns Only