Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. Company Komko Hijack Mitsue Smitsu Jones GMM ATP Current Bond Value 980 1010 1200 800 600 1000 950 # Bonds 120 150 100 120 150 150 150 If initially the value of the fund was $2,500,000 and the original shares were offered to the public wi a NAV of $25 per share, what is the current NAV of the fund?
Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. Company Komko Hijack Mitsue Smitsu Jones GMM ATP Current Bond Value 980 1010 1200 800 600 1000 950 # Bonds 120 150 100 120 150 150 150 If initially the value of the fund was $2,500,000 and the original shares were offered to the public wi a NAV of $25 per share, what is the current NAV of the fund?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. If initially the value of the fund was
$2,500,000
and the original shares were offered to the public with a NAV of
$25
per share, what is the current NAV of the fund?
a. $26.27
b. $25.00
c. $21.67
d. $26.11
e. $27.11
Transcribed Image Text:Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no
liabilities.
Company
Komko
Hijack
Mitsue
Smitsu
Jones
GMM
ATP
Current Bond Value
980
1010
1200
800
600
1000
950
# Bonds
120
150
100
120
150
150
150
If initially the value of the fund was $2,500,000 and the original shares were offered to the public with
a NAV of $25 per share, what is the current NAV of the fund?
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