FINC 474 HW 11 A mutual fund has 500 shares of General Electric, currently trading at $14, and 500 shares of Microsoft, Inc., currently trading at $21. The fund has 1,300 shares outstanding. a What is the NAV of the fund? (Round your answer to 2 decimal places. (e.g., 32.16)) NAV b. If investors expect the price of General Electric to increase to $16 and the price of Microsoft to decline to $10 by the end of the year, what is the expected NAV at the end of the year? (Round your answer to 2 decimal places. (e.g., 32.16)) Expected NAV Assume that the price of General Electric shares is realized at $16. What is the maximum price to which Microsoft can decline and still maintain the NAV as estimated in (a)? (Do not round intermediate calculations.) Maximum price