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Suppose that the ABC Mutual Fund has the following positions (and $11,400 in liabilities). The fund originated by selling $50,000 of shares at $10 per

Suppose that the ABC Mutual Fund has the following positions (and $11,400 in liabilities). The fund originated by selling $50,000 of shares at $10 per share, and the number of shares is currently the same. What is ABCs NAV?

Stock Shares Price

W 2000 $22

X 2200 $15

Y 2400 $22

Z 1900 $14

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