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Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in the portfolio: 200...

Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in the portfolio: 200 shares of P&G priced at $20; 250 shares of Intel priced at $60; and 300 shares of Microsoft priced at $50. The Morningstar closed-end fund has the following stocks in its portfolio: 200 shares of P&G and 200 shares of Microsoft. It has a total of 500 shares outstanding.

  1. What is the NAV of both funds?
    1. $45.33; $14.00
    1. $34.00; $28.00
    1. $17.00; $17.50
    2. $34.00; $35.00
    3. $45.33; $28.00

  1. If Eveningstar issues another 250 shares and purchases 150 shares of Intel, what is its new NAV?
    1. $39.20
    2. $42.61
    1. $34.40
    1. $37.39
    2. $34.00

  1. If the price of P&G shares rises to $25 and the price of Microsoft falls to $40, what is the new NAV of both funds? Assume that Eveningstar has 1,000 shares outstanding.
    1. $32.00; $26.00
    1. $16.00; $13.00
    2. $17.50; $17.50
    3. $32.00; $17.50
    4. $16.00; $26.00

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jeff jeffy answered 1 year ago
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