Eveningstar Open-End Fund Has 1,000 Shares Outstanding and Has the Following

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) $40.00 and $27.00.

Correct Answer:

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