Consider X Bond Fund which consists of the 5 bonds shown below with no liabilities. $$\begin{array} { l c c }
\text { Company } & \text { Current Band Value } & \text { \# Bands } \
\hline \text { Komkn } & 980 & 120 \
\text { Hijack } & 1010 & 150 \
\text { Mitsue } & 1200 & 100 \
\text { Smitsu } & 800 & 120 \
\text { Jones } & 600 & 150
\end{array}$$ If initially the value of the fund was $1,000,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?

Question

Consider X Bond Fund which consists of the 5 bonds shown below with no liabilities. $$\begin{array} { l c c } 
\text { Company } & \text { Current Band Value } & \text { \# Bands } \
\hline \text { Komkn } & 980 & 120 \
\text { Hijack } & 1010 & 150 \
\text { Mitsue } & 1200 & 100 \
\text { Smitsu } & 800 & 120 \
\text { Jones } & 600 & 150
\end{array}$$ If initially the value of the fund was $1,000,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?

Quizplus · Accepted Answer

The Answer of Consider X Bond Fund which consists of the 5 bonds shown below with no liabilities. $$\begin{array} { l c c } 
\text { Company } & \text { Current Band Value } & \text { \# Bands } \
\hline \text { Komkn } & 980 & 120 \
\text { Hijack } & 1010 & 150 \
\text { Mitsue } & 1200 & 100 \
\text { Smitsu } & 800 & 120 \
\text { Jones } & 600 & 150
\end{array}$$ If initially the value of the fund was $1,000,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?

Consider X Bond Fund Which Consists of the 5 Bonds