Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:
|
Stock
|
Shares
|
Price
|
Market Value
|
|
W
|
1,000
|
$12
|
$12,000
|
|
X
|
1,200
|
15
|
18,000
|
|
Y
|
1,500
|
22
|
33,000
|
|
Z
|
800
|
16
|
12,800
|
|
|
|
|
$75,800
|
The fund began by selling $50,000 of stock at $8.00 per share. What is its NAV?