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  3. chapter 4 1) an open-end mutual fund has the follo

Chapter 4 1) An open-end mutual fund has the following stocks: Stock Stock Price A...

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Accounting

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Chapter 4 1) An open-end mutual fund has the following stocks: Stock Stock Price A 49 B Shares 7,000 29,000 6,200 71,500 18 97 D 11 If there are 35,000 shares of the mutual fund, what is the NAV? 2) Suppose the fund in the previous problem has liabilities of $117,000. What is the NAV of the fund now? 3) In the previous problem (#2), assume the fund is sold with a 5.30 percent front-end load. What is the offering price of the fund? 4) A mutual fund sold $28 million of assets during the year and purchased $31 million in assets. If the average daily assets of the fund were $99 million, what was the fund turnover

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