A mutual fund holds three stocks. The number of shares of each stock is 12,000, 18,000, and 25,000, at a price of $64, $56, and $32, respectively. If the fund has liabilities of $160,000 and 115,000 shares outstanding, what is the NAV per share?
A) $22.40
B) $20.84
C) $23.16
D) $21.75
E) $21.01
Correct Answer:
Verified
Q94: A mutual fund has 10,000 shares of
Q95: A mutual fund with a NAV of
Q96: A mutual fund has 4,000 shares of
Q97: A mutual fund has 40,000 shares of
Q98: A mutual fund has sales during the
Q100: You invested $2,000 in a mutual fund
Q101: Are ETFs only for stocks?
Q102: You invest $10,000 in a mutual fund
Q103: An income trust has a return of
Q104: A mutual fund has an offer price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents