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

question 101

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.
-What is the NAV of both funds?

• A)$30.33 and $13.50.
• B)$60.00 and $27.00.
• C)$30.00 and $54.00.
• D)$40.00 and $27.00.

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Definitions:

Random Numbers

Numbers generated in a sequence where each number has an unpredictable outcome, widely used in statistics, simulations, and cryptography.

Random Number Intervals

A range within which a random number falls, used in simulations and probabilistic models to represent uncertainty or variability.

Historical Records

Documented events, transactions, or other data from the past, used for reference or analysis.

Demand Frequency

The rate at which goods or services are requested or required by customers.