An Open-End Mutual Fund Owns 1500 Share of Krispy Kreme

question 15

Multiple Choice

An open-end mutual fund owns 1500 share of Krispy Kreme priced at $12. The fund also owns 1,000 shares of Ben & Jerry's priced at $43, and 2,000 shares of Pepsi priced at $50. The fund itself has 3,500 of its own shares outstanding. What is the NAV of a fund's share?

• A) $66
• B) $56
• C) $46
• D) $36
• E) $26 [(1500*12) + (1000 * 43) + (2000 * 50)]/3500 fund shares = $46

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Definitions:

Severe Depression

A clinical condition marked by significantly intense symptoms of depression, including extreme sadness, hopelessness, and a lack of energy or interest in life.

Explanatory Variable

A variable that is manipulated or categorized to investigate its effect on a dependent variable.

Comparative Study

A research method that involves comparing two or more groups or variables to determine significant differences or similarities.

Yield

In finance, the income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.