Suppose Morningstar Issues Another 250 Shares and Purchases Shares of Intel

Multiple Choice

Suppose Morningstar issues another 250 shares and purchases shares of Intel with the funds.What is its new NAV of Morningstar? (Assume the NAV found before the price change in P&G and Microsoft in the previous question) .

A) $39.20.
B) $55.20.
C) $34.40.
D) $30.00.
E) $34.00. [Refer to: 5-123]