If the Micro mutual fund was originated by selling $250,000 of stock at $10.00 per share.Calculate its current NAV if the fund consists of the following four stocks.
$$\begin{array} { c c c }
\text { Stack } & \text { Gheras } & \text { Price } \
\hline Q & 9,500 & \$ 10.75 \
R & 7,200 & \$ 13.90 \
\text { S } & 4,50 [ & \$ 22.25 \
T & 6,800 & \$ 14.75
\end{array}$$

Question

If the Micro mutual fund was originated by selling $250,000 of stock at $10.00 per share.Calculate its current NAV if the fund consists of the following four stocks.
$$\begin{array} { c c c } 
\text { Stack } & \text { Gheras } & \text { Price } \
\hline Q & 9,500 & \$ 10.75 \
R & 7,200 & \$ 13.90 \
\text { S } & 4,50 [ & \$ 22.25 \
T & 6,800 & \$ 14.75
\end{array}$$

Quizplus · Accepted Answer

Original number of shares = $250,000/$10 = 25,000
 Market value of fund
$$\begin{array} { l } 
= 10.75 ( 9500 ) + 13.70 ( 7200 ) + 22.25 ( 4500 ) + 14.75 ( 6800 ) \
= 102.125 + 100.080 + 100.125 + 100.300 = 402.630
\end{array}$$ NAV = $402,630/25,000 = $16.105

If the Micro Mutual Fund Was Originated by Selling $250,000