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An open-end mutual fund has the following stocks:
Stock Shares Stock Price
A 9,500 $91
B 33,000 20
C 10,000 75
D 68,000 13

There are 57,000 shares of the mutual fund, and liabilities of$150,000. What is the NAV of the fund? (Do not roundintermediate calculations. Round your answer to 2 decimal places.Omit the "$" sign in your response.)

Net asset value $

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Hubert Koch
Hubert KochLv2
28 Sep 2019

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