- Open End Fund A Has 191 Shares Of Att Valued At 48 Each And 43 Shares Of Toro Valued At 88 Each Closed End Fund B Has 1 (168.36 KiB) Viewed 54 times
Open-end Fund A has 191 shares of ATT valued at $48 each and 43 shares of Toro valued at $88 each. Closed-end Fund B has 88 shares of ATT and 85 shares of Toro. Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161)) b. If the price of ATT stock increases to $49.25 and the price of Toro stock declines to $85.292, how does that impact the NAV of E funds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to decimal places. (e.g., 32.16)) c. Assume that another 168 shares of ATT valued at $48 are added to Fund A. The funds needed to buy the new shares are obtaine by selling 623 more shares in Fund A. What is the effect on Fund A's NAV if the prices remain unchanged from the original prices? Answer is complete but not entirely correct. a. $ 12.952 NAV of Fund A NAV of Fund B 11.704 0.94 Percentage change in NAV Fund A Percentage change in NAV Fund B Percentage change in NAV Fund A (1.03) (0.02) b. C. $ % %