Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:Stock Shares Price Market ValueW 1,000 $12 $12,000X 1,200 15 18,000Y 1,500 22 33,000Z 800 16 12,800 Sum:...

Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock         Shares      Price         Market Value W          1,000   $12              $12,000 X           1,200    15              18,000 Y           1,500    22              33,000 Z           800       16              12,800        Sum: $75,800 The fund began by selling $50,000 of stock at $8.00 per share. What is its NAV?

Jun 09, 2022
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