Suppose NBT Mutual Fund Has No Liabilities and Owns Only

question 54

Multiple Choice

Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. $$\begin{array} { c c c } \text { Stock } & \text { Shares } & \text { Price } \\\hline \mathrm { X } & 7900 & 16 \\\mathrm { Y } & 8100 & 15 \\\mathrm { Z } & 9200 & 12\end{array}$$ The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

• A)$0.72
• B)$14.33
• C)$15.21
• D)$71.66
• E)None of the above

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Definitions:

Protostomes

A major group of animals in which the mouth develops from the first opening in the embryo, with examples including mollusks, annelids, and arthropods.

Spiral Cleavage

A type of embryonic development in some molluscs and annelids where cells divide in a spiral pattern.

Anterior End

The front part or head end of an organism, usually where sensory organs are concentrated.

Head End

The anterior or front part of an organism, often containing the brain and sensory organs.