Need help with a Mutual Fund question....................?

Suppose ABC Mutual Fund owns only 4 stocks as follows:
Stock--Shares---Price

W ------2500--------11
X-------2100---------14
Y-------2700---------23
Z-------1900---------15

The fund originated by selling $100,000 of stock at $10 per share. What is its current NAV?

The fund has 1,000,000 shares outstanding, multiply out the individual stock prices by their respective number of shares, add up those totals, and divide it by 1,000,000. That is all there is to it.

$147,500

2500*11 + 2100 * 14 + 2700 * 23 + 1900 * 15.

Original fund = $100,000 / $10.00 = 10,000 shares.
(Not 1,000,000 shares. 1,000,000 shares at $10 would be $10,000,000 dollars. $10.00 X 10,000 = $100,000)

W 2500 X 11 = $27,500
X 2100 X 14 = $29,400
Y 2700 X 23 = $62,100
Z 1900 X 15 = $28,500
Added up W through Z equals $147,500 which divided by the 10,000 shares equals $14.75 per share.

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