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Suppose the RedRock mutual fund holds the following long positions: Shares/Company 72,500 shares of Microsoft (MSFT)...

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Finance

Suppose the RedRock mutual fund holds the following longpositions: Shares/Company 72,500 shares of Microsoft (MSFT) 42,300shares of Archer Daniels Midland (ADM) 18,320 shares of Abercrombie& Fitch (ANF) 32,000 shares of Merck (MRK) 19,000 shares ofWal-Mart (WMT) 56,400 shares of Research in Motion (RIMM) 12,500shares of Garmin (GRMN) 15,000 shares of Goldman Sachs (GS) CurrentPrice $25.57 $29.52 $47.06 $34.47 $53.77 $55.92 $29.36 $164.89 Thefund has liabilities of $425,819 and shares outstanding equal1,354,887. If this is the total portfolio, what is the Net AssetValue (NAV) per share?

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3.7 Ratings (467 Votes)
Net Asset Value NAV per share Company Number of shares Market price per share Market Value Microsoft MSFT 72500 2557 185382500 Archer    See Answer
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Suppose the RedRock mutual fund holds the following longpositions: Shares/Company 72,500 shares of Microsoft (MSFT) 42,300shares of Archer Daniels Midland (ADM) 18,320 shares of Abercrombie& Fitch (ANF) 32,000 shares of Merck (MRK) 19,000 shares ofWal-Mart (WMT) 56,400 shares of Research in Motion (RIMM) 12,500shares of Garmin (GRMN) 15,000 shares of Goldman Sachs (GS) CurrentPrice $25.57 $29.52 $47.06 $34.47 $53.77 $55.92 $29.36 $164.89 Thefund has liabilities of $425,819 and shares outstanding equal1,354,887. If this is the total portfolio, what is the Net AssetValue (NAV) per share?

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