A mutual fund has two stocks, Stock A and Stock B, and no liabilities. Stock...
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Accounting
A mutual fund has two stocks, Stock A and Stock B, and no liabilities. Stock A has a price per share of $37 and 150,000 shares, and Stock B has a price per share of $45 and 325,000 shares. The fund has 400,000 shares outstanding. What is the NAV?
| $53.81 | ||
| $50.44. | ||
| $51.56 | ||
| $52.69 |
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