a) A Mutual Fund Co. has the following assets under it on the close of business as on: 1st February 2013 Market price per share( ) 2nd February 2013 Market Price per share (R) Company No. of Shares P Ltd Q Ltd R Ltd S Ltd Total No. of Units 3, 00,000 10,000 20.00 20.50 15,000 10,000 312.40 360.00 361.20 383.10 30,000 505.10 503.90 i) Calculate Net Assets Value (NAV) of the Fund. ii) Following information is given: Assuming one Mr. Basu, submits a cheque of 15, 00,000 to the Mutual Fund and the Fund manager of this company purchases 4,000 shares of Q Ltd; and the balance amount is held in Bank. In such a case, what would be the position of the Fund? iii) Find new NAV of the fund as on 2nd February 2013.
a) A Mutual Fund Co. has the following assets under it on the close of business as on: 1st February 2013 Market price per share( ) 2nd February 2013 Market Price per share (R) Company No. of Shares P Ltd Q Ltd R Ltd S Ltd Total No. of Units 3, 00,000 10,000 20.00 20.50 15,000 10,000 312.40 360.00 361.20 383.10 30,000 505.10 503.90 i) Calculate Net Assets Value (NAV) of the Fund. ii) Following information is given: Assuming one Mr. Basu, submits a cheque of 15, 00,000 to the Mutual Fund and the Fund manager of this company purchases 4,000 shares of Q Ltd; and the balance amount is held in Bank. In such a case, what would be the position of the Fund? iii) Find new NAV of the fund as on 2nd February 2013.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:(a) A Mutual Fund Co. has the following assets under it on the close of business as on:
No. of Shares 1st February 2013 Market
price per share( ?)
2nd February 2013 Market
Price per share (7)
Company
P Ltd
Q Ltd
10,000
15,000
10,000
20.00
20.50
312.40
360.00
R Ltd
361.20
383.10
S Ltd
30,000
505.10
503.90
Total No. of Units 3, 00,000
i) Calculate Net Assets Value (NAV) of the Fund.
ii) Following information is given: Assuming one Mr. Basu, submits a cheque of 15,
00,000 to the Mutual Fund and the Fund manager of this company purchases 4,000
shares of Q Ltd; and the balance amount is held in Bank. In such a case, what would
be the position of the Fund?
iii) Find new NAV of the fund as on 2nd February 2013.
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