Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you can see from the table that the market value o

You can see from the table that the market value of the funds assets is...

60.1K

Verified Solution

Question

Finance

image

You can see from the table that the market value of the funds assets is $355,559.60, $323,236.00, $258,588.80, $290,912.40 If the fund has $16,161.80 in liabilities and 1,000 shares outstanding, the net asset value (NAV) of a share in this mutual fund is $368.48, $307.07, $282.50

1. Computing the net asset value of a mutual fund investment Most mutual funds invest money in hundreds of stocks, bonds, short-term securities, or other securities and assets; then, shares of the funds themselves are sold to individual investors. To understand how the value of a mutual fund's share is calculated based on the values of the it holds, consider the following simplified example of a mutual fund that owns shares of only four different stocks. You can see from the table that the market value of the fund's assets is . If the fund has $16,161.80 in liabilities and 1,000 shares outstanding, the net asset value (NAV) of a share in this mutual fund is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5. Describe the role of cortisol and aldosterone from the adrenal cortex during exercise.

Medical Sciences
Q

1e. The formula for the compound name iodic acid: Group of answer choices HIO4 HI HIO3 HCO2 1f. The name of...

Chemistry
Q

Research and share examples of social entrepreneurship that inspire you the most? How are these social entrepreneurs...

General Management
Q

What is the journal entry for the following? The bank statement as of December 31, 2018 5)...

Accounting
Q

This question 1 point s possible The accompanying table gives the gross domestic receipts for...

Statistics
Q

E2-21(Algo) Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3,2-4,2-5,2-6]3 ...

Accounting
Q

The Alberta Ballet Centre (ABC), a not-for-profit organization reporting under ASNPO has a September 30,...

Accounting
Q

Caldern-Rossell Manufacturing Company compr una nueva mquina de produccin el 1 de julio de 2020...

Accounting
Q

Ipswich Industries plans to issue 5-year, 6%, $500,000 bonds paying interest on an annual basis,...

Accounting
Q

Use the following information to calculate the cost of goods manufactured and cost of goods...

Accounting
Q

Veronica purchased two assets during the current year. Veronica placed in service computer equipment (5-year...

Accounting
Q

1) Your company wants to raise $9.5 million by issuing 20-year zero-coupon bonds. If the...

Finance