ebdav/pid-3182060-dt-content-rid-27670978 1/courses/212023015/Homework%20%236.pdf 2-On January 1st, a mutual fund has the following assets and prices at 4:00 p.m.: Stock Shares owned Price 1 1,000 $ 1.97 2 5,000 $48.26 3 1,000 $26.44 4 10,000 $67.49 5 3,000 $ 2.59 a) Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund. 1 b) An investor sends the fund a check for $50,000. If there is no front-end load, calculate the new number of shares and price/share. Assume the manager purchases 1,800 shares of stock 3, and the rest is held as cash