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A mutual fund has 753 shares of General Electric, currently trading at $33, and 546 shares of Microsoft, Inc., currently trading at $67. The fund
A mutual fund has 753 shares of General Electric, currently trading at $33, and 546 shares of Microsoft, Inc., currently trading at $67. The fund has 2,169 shares outstanding. If investors expect the price of General Electric to increase by $3 and the price of Microsoft to decline by $8 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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