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77. Consider the Defiance Bond Fund that consists of the three bonds shown below and has no liabilities. Company Current Bond Value # Bonds Komko

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77. Consider the Defiance Bond Fund that consists of the three bonds shown below and has no liabilities. Company Current Bond Value # Bonds Komko 980 120 Hijack 1010 150 Mitsue 1200 100 If initially the value of the fund was $250,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund? a $25.00 b. $38.91 c. $39.81 d. $31.98 e. $39.91

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