The market value of a UCITS 'assets amounts to ISK 1,000,000. and the fund's debts amount to ISK 200,000. The number of units issued is 100. The fund's equity holdings amount to ISK 500,000 at market value and the fund's bond holdings ISK 500,000. What is the redemption value of the fund (NAV)?

Choose one (correct) option

10000

5000

6000

8000

7000