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Category > Management Posted 11 Oct 2017 My Price 7.00

shares of General Electric

Problem 17-3 (LG 17-5)

A mutual fund has 400 shares of General Electric, currently trading at $15, and 400 shares of Microsoft, Inc., currently trading at $29. The fund has 1,000 shares outstanding.

 

a.

What is the NAV of the fund? (Round your answer to 2 decimal places. (e.g., 32.16))

 

  NAV $   

 

b.

If investors expect the price of General Electric to increase to $20 and the price of Microsoft to decline to $14 by the end of the year, what is the expected NAV at the end of the year? (Round your answer to 2 decimal places. (e.g., 32.16))

 

  Expected NAV $   

 

c.

Assume that the price of General Electric shares is realized at $20. What is the maximum price to which Microsoft can decline and still maintain the NAV as estimated in (a)? (Do not round intermediate calculations.)

 

  Maximum price $   

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Oct 2017 09:10 PM My Price 7.00

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