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A mutual fund has 1,452 shares of General Electric, currently trading at $37, and 1,623 shares of Microsoft, Inc., currently trading at $36. The fund
A mutual fund has 1,452 shares of General Electric, currently trading at $37, and 1,623 shares of Microsoft, Inc., currently trading at $36. The fund has 1,518 shares outstanding. If investors expect the price of General Electric to increase by $5 and the price of Microsoft to decline by $7 by the end of the year, what is the expected NAV at the end of the year? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
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