Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. open-end fund a has 197 shares of att valued at $5

Open-end Fund A has 197 shares of ATT valued at $51 each and 46 shares...

60.1K

Verified Solution

Question

Accounting

image
Open-end Fund A has 197 shares of ATT valued at $51 each and 46 shares of Toro valued at $91 each Closed end Fund B has 91 shares of ATT and 88 shares of Toro. Both funds have 1.000 shores outstanding a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161) b. If the price of ATT stock increases to $52 25 and the price of Toro stock declines to $88 292, how does that impact the NAV of both funds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) c. Assume that another 171 shares of ATT valued at $51 are added to Fund A The funds needed to buy the new shares are obtained by selling 613 more shares in Fund A What is the effect on Fund As NAV if the prices remain unchanged from the original prices? a NAV of Fund A NAV of Fund B b. Percentage change in NAV Fund A Porcentage change in NAV Fund B Percentage change in NAV Fund A %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Drag the tiles to the boxes to form correct pairs. Not all tiles will be...

Statistics
1.2K views

Following are the number of grams of carbohydrates in a sample of 12-ounce espresso beverages offered...

Civil Engineering
1.2K views

What are the modes of transformation of neighborhood. in urban planning

Basic Math
1.2K views

7 You can purchase Lindt truffles online and create your own custom mix by choosing...

Algebra
1.2K views

23 Find the indicated term of each arithmetic sequence a 24th term 5 14 23...

Algebra
1.2K views

Find the product y 3 y 7 y 3 y 7 Simplify your answ

Algebra
1.2K views

Find the all solutions of this equation in the interval 0 2 G X 500...

Accounting
1.2K views

Cutler Inc. issued $20 million of 8 year 10% callable bonds dated July 1,...

Accounting
1.2K views

Help pls! Activity Cast Pools, Activity Rates, and Product Costs using Activity Based...

Accounting
1.2K views

A company uses the periodic inventory system, and the following information is available. All purchases...

Accounting
1.2K views

The corporate form of business has major advantages for shareholders. Among these is/are the following:...

Accounting
1.2K views

View Policies Current Attempt in Progress Jeters Company uses a periodic inventory system and reports...