An Open End Mutual Fund Owns 1500 Share of Crispy

question 26

Multiple Choice

An open end mutual fund owns 1500 share of Crispy Creme priced at $12. The fund also owns 1000 shares of Bem & Jarry's priced at $43, and 2000 shares of Pepsi priced at $50. The fund itself has 3500 of its own shares outstanding. What is the NAV of a fund's share?

• A) $66
• B) $56
• C) $46
• D) $36
• E) $26

---

Definitions:

Neurons

Neurons are the primary cells of the nervous system that transmit information through electrical and chemical signals, enabling the brain to communicate with the rest of the body.

Human Brain

The central organ of the human nervous system, responsible for processing sensory information, regulating bodily functions, and enabling cognitive abilities.

Complex

A system composed of multiple interconnected parts or components that exhibit behaviors not evident from the properties of the individual parts.

Ganglia

Collection of nerve cells that functions somewhat like a brain.