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Open-end Fund A has 150 shares of Comcast valued at $20 each and 40 shares of The Tea Therapy valued at $35 each. The fund has 400 shares outstanding. If the price of Comcast increases to $22 and the price of The Tea Therapy decreases to $32 dollars, how does that impact the NAV of the fund? (Final answer will be in percentage terms.) Multiple Choice

Open-end Fund A has 150 shares of Comcast valued at $20 each and 40 shares of The Tea Therapy valued at $35 each. The fund has 400 shares outstanding. If the price of Comcast increases to $22 and the price of The Tea Therapy decreases to $32 dollars, how does that impact the NAV of the fund? (Final answer will be in percentage terms.) Multiple Choice

Essentials Of Investments
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
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Open-end Fund A has 150 shares of Comcast valued at $20 each and 40 shares of The Tea Therapy valued at $35 each. The fund has 400 shares outstanding. If the price of Comcast increases to $22 and the price of The Tea Therapy decreases to $32 dollars, how does that impact the NAV of the fund? (Final answer will be in percentage terms.) Multiple Choice Decreases 2.62% Increases 3.19% Increases 1.43% Increases 45% Increases 4.09%
Transcribed Image Text:Open-end Fund A has 150 shares of Comcast valued at $20 each and 40 shares of The Tea Therapy valued at $35 each. The fund has 400 shares outstanding. If the price of Comcast increases to $22 and the price of The Tea Therapy decreases to $32 dollars, how does that impact the NAV of the fund? (Final answer will be in percentage terms.) Multiple Choice Decreases 2.62% Increases 3.19% Increases 1.43% Increases 45% Increases 4.09%
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