Please kindly answer the 2 following questions: 14) Suppose today a mutual fund

Question

Please kindly answer the 2 following questions:

14)

Suppose today a mutual fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30. The mutual fund has 500 shares outstanding. What is the net asset value (NAV) of the fund?

$20

$30

$40

$50

15)

Which of the following is the largest depository institution in terms of size?

Commercial banks

Saving institutions

Credit unions

Pension funds

$20

$30

$40

$50

Explanation / Answer

Net assets value:

= (200×$50+100×$20+100×$30)÷500

= $30 per share (Option (B))

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