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:

Direct Inquiry

A straightforward question or investigation aimed at obtaining specific information.

Combined Sentence

A sentence that merges two or more independent clauses or sentences, often through coordination or subordination.

Internal Operational

Pertains to the processes, communications, and activities that occur within an organization to ensure its smooth operation.

Emails

Emails are electronic messages sent over the internet, allowing for quick and easy communication between individuals and groups.