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Problem 1 7 - 4 ( LG 1 7 - 5 ) Suppose today a mutual fund contains 2 , 0 0 0 shares of

Problem 17-4(LG 17-5)
Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $83.75,1,000 shares of Walmart, currently trading at $82.10, and 2,500 shares of Pfizer, currently trading at $50.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors.
a. What is the NAV of the fund? correct answer for a was 37.585
b. Calculate the change in the NAV of the fund if tomorrow JPMorgans shares increase to $85, Walmarts shares increase to $87, and Pfizers shares decrease to $49.correct answer for b. was 0.365
c. Suppose that today 1,000 additional investors buy one share each of the mutual fund at the NAV of $37.585. This means that the fund manager has $37,585 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Calculate tomorrows NAV given the same rise/fall in share values as assumed in part (b). i need a correct answer for C. please.
(For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e.g.,32.161))

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