Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week four readings. Statement 3: The market value of a fund's net assets divided by the number of mutual fund shares outstanding is called the NAV of the fund. Statement 4: The subprime crisis is a good example of the credit risk faced by financial institutions. Is Moonn correct with respect to statements 3 and 4?

A. Only statement 2 is correct. 

B. Yes. 

C. No