A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel
trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?

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