Question

Check my work Open-end Fund A has 169 shares of ATT valued at $37 each and 32 shares of Toro valued at $77 each. Closed-end Fund B has 77 shares of ATT and 74 shares of Toro, Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161)) b. If the price of ATT stock Increases to $38.25 and the price of Toro stock declines to $74.292, how does that impact the NAV of both funds? (Negative amounts should be indicated by a minus sign. Do not round Intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) c. Assume that another 157 shares of ATT valued at $37 are added to Fund A. The funds needed to buy the new shares are obtained by selling 666 more shares in Fund A. What is the effect on Fund A's NAV if the prices remain unchanged from the original prices? sis 8.717 a. NAV of Fund A NAV of Fund B Percentage change in NAV Fund A Percentage change in NAV Fund B c. Percentage change in NAV Fund A < Prev 8 of 10 !!! Next >

Answer 1

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- 2x 37 77 74 PE EPS, STOCK DIVIDEND - Microsoft Excel (Product Activation Failed) File Home Insert Page Layout Formulas Data Review View Add-Ins % Cut Σ AutoSum : A Calibri 11AA = = = Dr Wrap Text General Ea Copy Fill Z Paste BI U D A Merge & Center - Format Painter $ % Conditional Format 88 Cell Insert Delete Format Sort & Find & Formatting as Table Styles 2 Clear Filter Select Clipboard Font Alignment Number Styles Cells Editing CD112 fax BT BU BV BW BX BY BZ CA CB CC CD CE CF CG 96 97 SHARES PRICE VALUE SHARES PRICE VALUE 98 FUNDA ATT 169 6253 FUND B ATT 37 2849 99 TORO 32 77 2464 TORO 77 5698 100 8717 8547 101 NAV= 8717/1000 = 8.717 A NAV = 8547/1000 = 8.547 A 102 103 SHARES PRICE VALUE SHARES PRICE VALUE 104 FUNDA ATT 38.25 6464.25 FUND B ATT 38.25 2945.25 TORO 32 74.292 2377.344 TORO 74.292 5497.608 106 8841.594 8442.858 107 NAV= 8.842 NAV = 8.443 B 108 CHANGE IN NAV (%) = [8.842-8.717)/8.717 = 1.43% (B-A)/A CHANGE IN NAV (%) = (8.443-8.547)/8.547 = -1.22% (B-A)/A 109 110 SHARES PRICE VALUE 111 FUNDA ATT 326 37 12062 112 TORO 32 77 2464 113 14526 114 NAV= 14526/1666 = 8.719 [NEW NO OF SHARES = 1000 + 666] 115 CHANGE IN NAV (%) 0.02% (C-A)/A 116 H HIGH LOW TARGET PRICE STOCK DIV NAV HEDGE FUND ME EV PE EPS DIV ABNORMAL deberk MARGIN MONEY marginal tax PB ROPI APV ROSS price quote EVA MVAI Rea ferences | THE TU 120% - ...I O 9 . * 169 77 105 74 I 0 (+) 2.432.500 ENG