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The Atlas Mutual Fund Owns the Following Stocks The Fund Has No Liabilities and Has 62,000 Shares Outstanding

Question 74

Multiple Choice

The Atlas Mutual Fund owns the following stocks:
 Stock  Shares  Stock Price X2,600$51Y3,800$68Z1,900$24\begin{array}{ccc}\text { Stock } & \text { Shares } & \text { Stock Price } \\\mathrm{X} & 2,600 & \$ 51 \\\mathrm{Y} & 3,800 & \$ 68 \\\mathrm{Z} & 1,900 & \$ 24\end{array}

The fund has no liabilities and has 62,000 shares outstanding. What is the NAV?


A) $6.32
B) $6.57
C) $6.71
D) $7.04
E) $7.19

Correct Answer:

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