A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

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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A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel
trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

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