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A mutual fund currently has 500,000 shares outstanding. The fund holds 1,000 shares of Amazon valued at $2,080 each and 50,000 shares of GM valued
A mutual fund currently has 500,000 shares outstanding. The fund holds 1,000 shares of Amazon valued at $2,080 each and 50,000 shares of GM valued at $33.63 each. What is the fund NAV now and what will it be if 100,000 shares of the fund are redeemed?
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