An open-ended fund has stocks of three companies: 200 shares of IBM currently valued at $50.00,100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30.The fund has 500 shares outstanding.What is the net asset value (NAV)of the fund?

Question

Quizplus · Accepted Answer

The assets in the mutual fund are worth $15,000.With 500 shares of the mutual fund outstanding,the NAV is $15,000 F1F1F1S1F1F1F10 500 = $30.00
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An Open-Ended Fund Has Stocks of Three Companies: 200 Shares