Mutual fund at the fund net asset value

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Reference no: EM131920814

Suppose that a few months ago you purchased a given number of shares of a mutual fund at the fund’s Net Asset Value (NAV) which, at that time, was $2.34. What would the yield on your investment be if you were to sell your shares today at today’s NAV? Below is this mutual fund’s relevant information as of today. Cash…………………………………………………………………………..$426,700 Accrued fees and other liabilities…………………………….. $216,900 Current market value of holdings of stocks……..…..$15,192,000 Shares outstanding…………………………………………………. 7,500,000 Current market value of holdings of bonds…………. $3,348,200.

Reference no: EM131920814

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