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.
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
Section: Chapter Questions
Problem 1PS
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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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