Business, 19.07.2021 15:30 myanniespencer39

Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $84.75, 1,000 shares of Walmart, currently trading at $83.10, and 2,500 shares of Pfizer, currently trading at $51.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund?
b. Calculate the change in the NAV of the fund if tomorrow JPMorgan’s shares increase to $86, Walmart’s shares increase to $88, and Pfizer’s shares decrease to $50.
c. Suppose that today 1,000 additional investors buy one share each of the mutual fund at the NAV of $38.135. This means that the fund manager has $38,135 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Calculate tomorrow’s NAV given the same rise in share values as assumed in (b).
(For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e. g., 32.161))
a. NAV of the Fund
b. Change in NAV
c. Tomorrow's NAV

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:00

Suppose matt and bree go out to get pizza. they order breadsticks and a large pepperoni pizza. after eating the breadsticks, and one piece of pizza bree decides to have an additional piece, but she does not eat a third piece. if bree is a rational individual why did she not eat the third piece of pizza? the marginal cost of the

Answers: 2

Answer

Business, 21.06.2019 21:20

20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units

Answers: 1

Answer

Business, 21.06.2019 21:50

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

Answers: 3

Answer

Business, 22.06.2019 08:40

Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u.s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.

Answers: 3

Answer

You know the right answer?

Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $84.75, 1,...

Questions