Consider X Bond Fund Which Consists of the 5 Bonds

question 48

Multiple Choice

Consider X Bond Fund which consists of the 5 bonds shown below with no liabilities. $$\begin{array} { l c c } \text { Company } & \text { Current Bond Value } & \text { \# Bonds } \\\hline \text { Komko } & 980 & 120 \\\text { Hijack } & 1010 & 150 \\\text { Mitsue } & 1200 & 100 \\\text { Smitsu } & 800 & 120 \\\text { Jones } & 600 & 150\end{array}$$ If initially the value of the fund was $1,000,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?

• A)$25.00
• B)$27.68
• C)$25.68
• D)$28.76
• E)$26.78

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