An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund? A. $12.92 B. $35.80 C. $16.15 D. $17.90 E. $32.30
An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund? A. $12.92 B. $35.80 C. $16.15 D. $17.90 E. $32.30
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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An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund?
| A. |
$12.92 |
|
| B. |
$35.80 |
|
| C. |
$16.15 |
|
| D. |
$17.90 |
|
| E. |
$32.30 |
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