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Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $ 1 5 . 4 9 . He called Fidelity and

Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $

15.49 .

He called Fidelity and asked how the NAV was calculated. Fidelity gave him the following information:

\

table

[[

Current market value of fund investment,$

8, 660, 000

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