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Open-end Fund A has 195 shares of Verizon valued at $50 each and 45 shares of Telsa valued at $90 each. Closed-end Fund B has
Open-end Fund A has 195 shares of Verizon valued at $50 each and 45 shares of Telsa valued at $90 each. Closed-end Fund B has 90 shares of Verizon and 87 shares of Telsa. Both funds have 1,000 shares outstanding. Assume that another 170 shares of Verizon valued at $50 are added to Fund A. The funds needed to buy the new shares are obtained by selling 616 more shares in Fund A. What is the effect on Fund As NAV if the prices remain unchanged from the original prices?
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