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17. Consider an open open-end mutual fund that owns $1.1 billion in equities, $350 million in bonds, and $35 million in cash. They owe $1.85

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17. Consider an open open-end mutual fund that owns $1.1 billion in equities, $350 million in bonds, and $35 million in cash. They owe $1.85 million in management fees payable at this point the quarter and they have 39.635 million shares outstanding. What is this fund's NAV? A. $27.75 B. $37.47 C. $37.51 D. $37.42

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