A mutual fund has two stocks, Stock A and Stock B, and no liabilities. Stock A has a price per share of $37 and 150,000 shares, and Stock B has a price per share of $45 and 325,000 shares. The fund has 400,000 shares outstanding. What is the NAV?

A) $50.44.

B) $52.69

C) $51.56

D) $53.81