Homework Answers
a.
| value of general electric shares (300*$30) | $9,000 |
| value of micro soft shares ($54*400) | 21,600 |
| total value of holdings | $30,600 |
| NAV =($30,600/1000 shares) | $30.60 |
b.
| value of general electric shares (300*$34) | $10,200 |
| value of microsoft shares ($8*400) | 3,200 |
| total value of holdings | $13,400 |
| NAV =($13,400/1000 shares) | $13.40 |
c.
given that value of general electric shares =$34*300
=>$10,200.
so for NAV to be maintained as in (a) i.e $30.60
total value of holding will be = $30,600.
value of micro soft holdings shall be = $30,600 total value - 10,200
=>$20,400.
desired price of microsoft =$20,400/400
=>$51.
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