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A mutual fund owns 800 shares of Walmart and 900 shares of Target. The fund has 4,375 shares outstanding. Stock prices for Day 1 and

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A mutual fund owns 800 shares of Walmart and 900 shares of Target. The fund has 4,375 shares outstanding. Stock prices for Day 1 and Day 2 are given below. At the end of Day 1 , investors sell 1,000 shares back to the mutual fund. The fund manager must give these investors cash equal to the NAV times the number of shares owned. In order to pay investors, the fund manager chooses to sell shares of Walmart at the Day 1 price. Given this transaction and the Dy 2 stock prices, calculate NAV at the end of Day 2. $33.84 $28.14 $31.72 $30.54

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