3. A mutual fund has 300 shares of General Electric, currently trading at $30, and 400 shares of Microsoft, Inc.. currently trading at $54. The fund has 1,000 shares outstanding. ( L.G 17-5) a. What is the NAV of the fund? b. If investors expect the price of General Electric to increase to $34 and the price of Microsoft to decline to $48 by the end of the year, what is the expected NAV at the end of the year? c. Assume that the price of General Electric shares is realized at \$34. What is the maximum price to which Microsoft can decline and still maintain the NAV as cstimated in (a)