An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,000 $ 92 33,000 21 6,000 75,000 BUD с NA Net asset value 77 12 If there are 56,000 shares of the mutual fund, what is the NAV? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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An open-end mutual fund has the following stocks:
Stock Shares Stock Price
$ 92
A
9,000
B
33,000
21
с
6,000
77
D
75,000
12
If there are 56,000 shares of the mutual fund, what is the NAV? (Do not round intermediate calculations. Round your answer to 2
decimal places.)
Net asset value
Transcribed Image Text:An open-end mutual fund has the following stocks: Stock Shares Stock Price $ 92 A 9,000 B 33,000 21 с 6,000 77 D 75,000 12 If there are 56,000 shares of the mutual fund, what is the NAV? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net asset value
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