HappyRetirement fund owns 150,000 shares of stock a comma 200,000 shares of stock B, and 400,000 shares of stock C. The closing prices for the three stocks were 26, 31, and 36 , respectfully. If the fund has secured liabilities of 110,000 and has 11 million shares outstanding , what is the nav of the fund?

HappyRetirement fund owns 150,000 shares of stock a comma 200,000 shares of stock B, and 400,000 shares of stock C. The closing prices for the three stocks were 26, 31, and 36 , respectfully. If the fund has secured liabilities of 110,000 and has 11 million shares outstanding , what is the nav of the fund?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 8FPE

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