Home / Questions / Open-end Fund A has 165 shares of ATT valued at $25 each and 50 shares of Toro valued at $...
Open-end Fund A has 165 shares of ATT valued at $25 each and 50 shares of Toro valued at $45 each. Closed-end Fund B has 75 shares of ATT and 100 shares of Toro. Both funds have 1,000 shares outstanding.
a. What is the NAV of each fund using these prices?
b. Assume that another 165 shares of ATT valued at $25 are added to Fund A. The funds needed to buy the new shares are obtained by selling 647 more shares in Fund A. What is the effect on Fund A’s NAV if the prices remain unchanged?
c. If the price of ATT stock increases to $26.25 and the price of Toro stock declines to $43.375, how does that impact the NAV of both funds? Assume that Fund A has only 100 shares of ATT.
May 18 2020 View more View Less
A rotating space station is said to create "artificial gravity"- a loosely -defined term used for an acceleration that would be crudely similar to the gravity. The outer ...
Jun 12 2021Suppose the demand in Canada for US made pickup trucks grows. US companies buy additional equipment to increase production. Some workers who were laid off and collecting ...
Aug 17 2021In the summer of 2000, only 10 percent of the lobster population in Long Island Sound survived after a massive die-off. Many lobstermen in New York and Connecticut lost s...
Jun 29 2021What can be promised by loan covenants? What cannot be ensured by loan covenants? 115. Equity, Inc. is currently an all-equity-financed firm. It has 10,000 shares outstan...
Jan 09 2020Suppose that instead of telling Barrera to leave Vega had said, "Get back to work" and had then left the area. Would the result have been different? Discuss.
Jul 07 2021In the circuit shown in the figure below, diodes D 1 through D 4 are identical, and each exhibits a voltage drop of 0.7 V at a 1-mA current. (a) For small input signals...
Jul 31 2020Make a briefing for division managers showing the advantages and disadvantages of e-learning and how to ?oblend?? it with other teaching techniques. Use websites, includi...
May 13 2020Add necessary commas to the following sentences. For each sentence indicate the number of commas you added. If a sentence is correct, write CYou can avoid patent trademar...
Jul 14 2021Jamal has a utility function U=W^{1 / 2},UW1/2where W is his wealth in millions of dollars and U is the utility he obtains from that wealth. In the final stage of a game ...
Jul 16 2021uppose the Australian economy is at long-run equilibrium and the inflation is consistent with RBA’s target rate. Further suppose the Australian government increases spend...
May 03 2021