On 4th October 2022, an open-ended managed fund had 8,420 units on issue, and held the portfolio described in the table below. The price for each share is the market price that day at 4:00pm.

Share	Shares owned (quantity)	Price
Company 1	1,000	$ 2.03
Company 2	5,000	$51.37
Company 3	2,800	$29.08
Company 4	10,000	$67.19

Investors who joined on the 4th October 2022 (from question a) paid for their 580 units on the 5th October 2022. Assume their money was received at once by the managed fund but was not invested in shares yet.

Due to the announcement of company 4s bad performance, the value of share 4 dropped to $50 by the end of the 5th October 2022. The prices of shares 1, 2 and 3 remained unchanged during that day. Existing investors placed a sale order for 50 units before 4pm on the 5th October 2022. Calculate the price that applied to their sale order.

(2 marks)