Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares...

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Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares 1,200 1,500 1,900 900 Price $1

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Answer 1

Answer #1

NAV = [ Total Assets - Total Liabilities ] / No. of Units

No. of Units = Unit sold for/ Unit Price

= $ 54,000 / $ 9

= 6000 units

NAV = [ Total Assets - Total Liabilities ] / No. of Units

= [ 94300 - 0 ] / 6000

= $ 15.72

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Answer 2

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