Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $83.75, 1,000...

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Suppose today a mutual fund contains 2,000 shares of JPMorganChase, currently trading at $83.75, 1,000 shares of Walmart,currently trading at $82.10, and 2,500 shares of Pfizer, currentlytrading at $50.50. The mutual fund has no liabilities and 10,000shares outstanding held by investors.

a. What is the NAV of the fund?
b. Calculate the change in the NAV of the fund iftomorrow JPMorgan’s shares increase to $85, Walmart’s sharesincrease to $87, and Pfizer’s shares decrease to $49.
c. Suppose that today 1,000 additional investorsbuy one share each of the mutual fund at the NAV of $37.585. Thismeans that the fund manager has $37,585 in additional funds toinvest. The fund manager decides to use these additional funds tobuy additional shares in JPMorgan Chase. Calculate tomorrow’s NAVgiven the same rise in share values as assumed in (b).

(For all requirements, do not round intermediate calculations.Round your answers to 3 decimal places. (e.g.,32.161))

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Suppose today a mutual fund contains 2,000 shares of JPMorganChase, currently trading at $83.75, 1,000 shares of Walmart,currently trading at $82.10, and 2,500 shares of Pfizer, currentlytrading at $50.50. The mutual fund has no liabilities and 10,000shares outstanding held by investors.a. What is the NAV of the fund?b. Calculate the change in the NAV of the fund iftomorrow JPMorgan’s shares increase to $85, Walmart’s sharesincrease to $87, and Pfizer’s shares decrease to $49.c. Suppose that today 1,000 additional investorsbuy one share each of the mutual fund at the NAV of $37.585. Thismeans that the fund manager has $37,585 in additional funds toinvest. The fund manager decides to use these additional funds tobuy additional shares in JPMorgan Chase. Calculate tomorrow’s NAVgiven the same rise in share values as assumed in (b).(For all requirements, do not round intermediate calculations.Round your answers to 3 decimal places. (e.g.,32.161))