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To What Level Should the Price of Microsoft Shares Decline

Question 108

Multiple Choice

To what level should the price of Microsoft shares decline in order for the NAV of Morningstar fund to remain constant if the price of P&G rises to $40?


A) $60.
B) $55.
C) $50.
D) $45.
E) $40. [Refer to: 5-121]

Correct Answer:

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