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Question
Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in its portfolio: 100 shares of Procter & Gamble (P&G) priced at $30.00, 300 shares of Intel priced at $50.00 and 200 shares of Microsoft priced at $60.00. The Morningstar closed-end fund has the following stocks in its portfolio: 300 shares of P&G and 300 shares of Microsoft. It has a total of 500 shares outstanding.
What is the NAV of both funds?
A. $30.33 and $13.50.
B. $60.00 and $27.00.
C. $30.00 and $54.00.
D. $60.00 and $27.00.
E. $15.00 and $54.00.
Answer
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