Asked by Susan
Open-end Fund A has 100 shares of ATT valued at $100 each and 50 shares of Toro valued at $50 each. Closed-end Fund B has 75 shares of ATT and 100 shares of Toro. Both funds have 100 shares outstanding
a. What is the NAV of each fund using these prices?
b. Assume that another 100 shares of ATT valued at $100 are added to Fund A What is the effect on Fund A's NAV of both funds? Assume that Fund A has only 100 shares of ATT.
a. What is the NAV of each fund using these prices?
b. Assume that another 100 shares of ATT valued at $100 are added to Fund A What is the effect on Fund A's NAV of both funds? Assume that Fund A has only 100 shares of ATT.
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Moussa
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Nav Sreypich
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