A mutual fund has 500 shares of General Electric, currently trading at $16, and 500 shares of Microsoft inc., currently trading at $22. The fund has 1, 200 shares outstanding what is the NAV of the fund? If the investors expect the price of general Electric to increases to $18 and the price of Microsoft o decline to $12 by the end of the year, what is the expected NAV at the end of the year? Assume the price of General Electric shares is realized at $18. What is the maximum price to which Microsoft can define and till maintain the NAV as estimated in (a)