Yield on your investment if you were to sell your shares today at todays NAV

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naba14

Mathematics

FIN 312

Texas A & M University - Commerce

Description

A Mutual Fund’s Net Asset Value (NAV) (10 pts.) PLEASE SHOW YOUR WORK CLEARLY.

Suppose that a few months ago you purchased a given number of shares of a mutual fund at the fund’s Net Asset Value (NAV) which, at that time, was $2.34. What would the yield on your investment be if you were to sell your shares today at today’s NAV?

Below is this mutual fund’s relevant information as of today.

Cash......................................................................................$426,700 Accrued fees and other liabilities................................... $216,900

Current market value of holdings of stocks.............$15,192,000

Shares outstanding.......................................................... 7,500,000

Current market value of holdings of bonds............. $3,348,200

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