Eveningstar Open-End Fund Has 1,000 Shares Outstanding and Has the Following

question 10

Multiple Choice

Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in its portfolio: 100 shares of Procter & Gamble (P&G) priced at $30.00, 300 shares of Intel priced at $50.00 and 200 shares of Microsoft priced at $60.00. The Morningstar closed-end fund has the following stocks in its portfolio: 300 shares of P&G and 300 shares of Microsoft. It has a total of 500 shares outstanding. Suppose Morningstar issues another 250 shares and purchases shares of Intel with the funds. What is its new NAV of Morningstar? (Assume the NAV found before the price change in P&G and Microsoft in the previous question) .

• A)$39.20.
• B)$55.20.
• C)$34.40.
• D)$30.00.
• E)$34.00.

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Definitions:

Field Input Devices

Equipment or sensors that capture and transmit data from the external environment into a processing system for analysis and action.

Output Devices

Output devices are hardware components used to communicate the results of data processing carried out by a computer system to the user or another machine, including printers, monitors, and speakers.

Ladder Logic

A programming methodology utilizing symbols resembling electrical relay diagrams to control industrial and mechanical processes.

I/O Points

Reference to Input/Output points on a device like a PLC, where external devices are connected for data exchange.