03.08.2022 - 07:31

An open-end mutual fund has the following stocks: |Stock|Shares|Stock PriceA|14,000|$82 |B|33,000|17C|15,000|57 |D|73,000|22 If there are 66,000 shares of the mutual fund, what is the NAV?

Question:

An open-end mutual fund has the following stocks:

Stock Shares Stock Price
A 14,000 $82
B 33,000 17
C 15,000 57
D 73,000 22

If there are 66,000 shares of the mutual fund, what is the NAV?

Answers (0)
  • Ernestine
    April 15, 2023 в 22:24
    To find the NAV (Net Asset Value) of the mutual fund, we need to first calculate the total value of all the stocks. This can be done by multiplying the number of shares of each stock by its price, and then adding up the values: Value of Stock A = 14,000 x $82 = $1,148,000 Value of Stock B = 33,000 x $17 = $561,000 Value of Stock C = 15,000 x $57 = $855,000 Value of Stock D = 73,000 x $22 = $1,606,000 Total Value of Stocks = $1,148,000 + $561,000 + $855,000 + $1,606,000 = $4,170,000 Now, since there are 66,000 shares of the mutual fund, we can find the NAV by dividing the total value of stocks by the number of shares: NAV = Total Value of Stocks / Number of Shares NAV = $4,170,000 / 66,000 NAV = $63 Therefore, the NAV of the mutual fund with the given stocks is $63.
Do you know the answer?

Leave a comment

Not sure about the answer?
Find the right answer to the question An open-end mutual fund has the following stocks: |Stock|Shares|Stock PriceA|14,000|$82 |B|33,000|17C|15,000|57 |D|73,000|22 If there are 66,000 shares of the mutual fund, what is the NAV? by subject Business, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
Search for other answers
New questions in the category: Business
Authorization
*
*

Password generation