8. On January 2 the prices at 4:00 p.m. are as follows:            Stock  Shares Owned  Price      1                    1,000  $   2.03     2                    5,000  $  51.37     3                    2,800  $   29.08     4                  10,000  $    67.19     5                    3,000  $    4.42     Cash n.a.  $   2,408               Calculate the net asset value (NAV) for 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
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8. On January 2 the prices at 4:00 p.m. are as follows: 
         
Stock  Shares Owned  Price     
1                    1,000  $   2.03    
2                    5,000  $  51.37    
3                    2,800  $   29.08    
4                  10,000  $    67.19    
5                    3,000  $    4.42    
Cash n.a.  $   2,408    
         
Calculate the net asset value (NAV) for the fund. 
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