12/31/2019 Number of Shares 12/31/2019 Price Per Share

Home Depot 10,000 $90.00

Lowes 20,000 $100.00

Kohls 40,000 $60.00

Target 50,000 $80.00

Kroeger 30,000 $80.00

Toal Shares of Fund 1,000,000

New NAV per share

Assume the mutual fund has been running, and the numbers above are current values on 12/31/2019

Compute the new NAV of the mutual fund on 12/31/2019

Compute the new NAV of the mutual fund on 12/31/2019

Group of answer choices

A. $15.34

B. $14.70

C. $13.05

D. $11.70