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Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value W 1 , 0 0 0

Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:
Stock Shares Price Market Value
W 1,000 $11 $11,000
X 1,3001418,200
Y 1,6002540,000
Z 8001512,000
$81,200
The fund began by selling $53,000 of stock at $8.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
$14.56
$11.98
$13.58
$12.26

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