What is the net asset value of the fund

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A mutual fund owns 500 shares of X currently trading at $ 12, and 300 shares of Y, currently trading at $ 24. The fund has 900 shares outstanding.
a. What is the Net Asset Value of the fund ?
b. If investors expect the price of X shares to increase to $ 14, and Y shares to decrease to $ 23, at the end of the year, what is the new NAV ?
c. Assume that the expected price of X shares is realized at $ 14. What is the maximum price decrease that can occur if Y realize an end of year NAV equal to the NAV estimated in (a) ?

Reference no: EM13283655

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