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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?

  1. $7.52 and $6.02

  1. $7.52 and $7.52

  1. $37.62 and $30.09

  1. $37.62 and $37.62

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