To What Level Should the Price of Microsoft Shares Decline

question 108

Multiple Choice

To what level should the price of Microsoft shares decline in order for the NAV of Morningstar fund to remain constant if the price of P&G rises to $40?

• A)$60.
• B)$55.
• C)$50.
• D)$45.
• E)$40. [Refer to: 5-121]

---

Definitions:

ASE Automotive Certification

Revalidation of professional competence in automotive repair and service, recognized by the National Institute for Automotive Service Excellence.

Customer Service Industries

Sectors focused on the provision of services to meet the needs and expectations of customers, encompassing a wide range of businesses from retail to support.

Automotive Systems

Complex assemblies and networks within a vehicle that work together to ensure its operation, including electrical, engine, and safety systems.

Major Components

The primary or most important parts of a system, machine, or vehicle that are essential for its operation.