A mutual fund has 4,000 shares of Stock A at a price of $45 and 6,000 shares of Stock B at a price of $35. If the fund has 20,000 shares outstanding, what is the NAV of the fund? Assume there are no liabilities for this fund.
A) $18.75
B) $19.50
C) $17.10
D) $21.10
E) $20.65
Correct Answer:
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