Q4. On January 1, 2004, ChigaBiga Fund-an all-equity mutual fund - was established. At that time, funds collected were used to purchase the following securities: 01/01/2004 31/12/04 securities #Shares 250000 150000 210000 price 10.75 15.75 32.25 price 11.55 14.25 32.5 ChigaBiga issued 5 million shares (or units) to investors. What is the NAV in January 2004