Exhibit 17-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 6

Multiple Choice

Exhibit 17-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
Suppose ABC Mutual fund owned only 4 stocks as follows: $$\begin{array} { c c c } \text { Stack } & \text { Shares } & \text { Price } \\\hline W & 2500 & \$ 11 \\\mathbf { X } & 2100 & 14 \\\mathbf { Y } & 2700 & 23 \\Z & 1900 & 15\end{array}$$
-Refer to Exhibit 17-1. The fund originated by selling $100,000 of stock at $10.00 per share. What is its current NAV?

• A) $1.47
• B) $14.75
• C) $16.03
• D) $27.62
• E) $234.12

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Definitions:

Average

A statistical measure obtained by dividing the sum of values by the number of values.

Reliable Data

Information that consistently yields similar results under the same conditions, indicating its dependability and stability over time.

Unreliable Results

Outcomes of research or experiments that lack consistency or dependability, often due to poor methodology or errors in data collection.

Analyzing Information

The process of examining data in order to extract useful insights, draw conclusions, and make informed decisions.