Problem #10 (Mutual Funds) A mutual fund owns 300 shares of General Electric, currently trading at $30, and 400 shares of Microsoft Inc., currently trading at $54. The fund has 1,000 shares outstanding. (a) What is the net asset value (NAV) of the fund? (b) If investors expect the price of General Electric shares to increase to $34 and the price of Microsoft shares to decrease to $46 by the end of the year, what is the expected NAV at the end of the year? (c) Assume that the expected price of the General Electric shares is realized at $34. What is the maximum price decrease that can occur to the Microsoft shares to realize an end-of-year NAV equal to the NAV estimated in part (a)