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On December 31 a mutual fund has the following assets and prices at 400. stock shares owned price 1 1000 1.97 2 5000 48.26 3

On December 31 a mutual fund has the following assets and prices at 400.

stock shares owned price

1 1000 1.97

2 5000 48.26

3 1000 26.44

4 10000 67.49

5 3000 2.59

calculate the net asset value ( NAV) for the fund. assume that 8000shares are outstanding for the fund.

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