A mutual fund has only two positions in its portfolio - 10 million par amount...
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A mutual fund has only two positions in its portfolio - 10 million par amount in a 3.5% 5/2025 corporate bond and 5 million par amount in a 2.5% 2/2045 Treasury bond. The fund has 2 million shares outstanding. What is the NAV of the fund on April 21, 2021 if the corporate bond is priced at 98.375 and the T-bond is priced at 105-17? A) 7.36 B) 7.51 C) 7.56 D) 7.64
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