Consider the Compliance Bond Fund That Consists of the Seven

question 48

Multiple Choice

Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. If initially the value of the fund was $2,500,000 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) $27.11
• B) $25.00
• C) $26.11
• D) $21.67
• E) $26.27

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