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The following information applies to questions 2 4 - 2 7 . An open - end fund has the following stocks: Stock Shares Stock Price

The following information applies to questions 24-27.
An open-end fund has the following stocks:
Stock
Shares
Stock Price
A ,4,000,$68
B9,000,32
C6,500,44
D ,8,400,56
Suppose the fund has liabilities of $75,000 and there are 50,000 shares of this mutual fund.
What is the NAV of the fund?
$47.18
$26.33
$24.83
$50.00
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