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26 Mar 2019
A mutual fund has 400 shares of General Electric, currently trading at $16, and 400 shares of Microsoft, Inc., currently trading at $28. The fund has 1,000 shares outstanding. QUESTION: 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 $
A mutual fund has 400 shares of General Electric, currently trading at $16, and 400 shares of Microsoft, Inc., currently trading at $28. The fund has 1,000 shares outstanding. QUESTION: 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 $
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Elin HesselLv2
26 Mar 2019