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

question 115

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.

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Definitions:

Monitoring the Future

A long-term study that tracks the behaviors, attitudes, and values of American secondary school students, college students, and young adults.

Research Design

The overall strategy that a researcher chooses to integrate the different components of the study in a coherent and logical way, thereby ensuring effective address of the research problem.

Positive Correlation

A relationship between two variables in which both variables move in the same direction, meaning that as one variable increases, the other one also increases, or as one decreases, the other does as well.

College Students

College students are individuals enrolled in a college or university to pursue a degree or certificate in higher education.