Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value 1,100 $1 $12,100 1,300 15 19,500 Y 1,500 24 36,000 800 16 12,800 $80,400 The fund...

Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:<br>Stock<br>Shares<br>Price<br>Market<br>Value<br>1,100<br>$1<br>$12,100<br>1,300<br>15<br>19,500<br>Y<br>1,500<br>24<br>36,000<br>800<br>16<br>12,800<br>$80,400<br>The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.<br>

Extracted text: Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value 1,100 $1 $12,100 1,300 15 19,500 Y 1,500 24 36,000 800 16 12,800 $80,400 The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.

Jun 07, 2022

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Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value 1,100 $1 $12,100 1,300 15 19,500 Y 1,500 24 36,000 800 16 12,800 $80,400 The fund...

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