What is abc mutual funds nav

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Reference no: EM13923385

Suppose ABC Mutual Fund had no liabilities and owned only four stocks as   follows:

Stock

Shares

Price

Market Value

W

1,000

$12

$12,000

X

1,200

15

18,000

Y

1,500

22

33,000

Z

800

16

  12,800

 

 

 

$75,800

The fund began by selling $50,000 of stock at $8.00 per share. What is its NAV?

Reference no: EM13923385

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