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A mutual fund holds 1,000 shares of Amazon valued at $3,004 each and 50,000 shares of GM valued at $34.55 each. The fund has $47,000

  1. A mutual fund holds 1,000 shares of Amazon valued at $3,004 each and 50,000 shares of GM valued at $34.55 each. The fund has $47,000 of accrued fees and 400,000 shares outstanding. What is the fund NAV now and what will it be if 80,000 shares of the fund are redeemed?

    1. $11.83 and $14.78

    1. $11.83 and $11.83

    1. $11.71 and $11.71

    1. $11.71 and $14.64

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