was established. At Question 3. On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund that time, funds collected were used to purchase the following securities: 01/01/2004 31/12/04 securities #Shares price price A 250000 10.75 11.55 B 150000 15.75 14.25 210000 32.25 32.5 ChigaBiga issued 5 million shares (or units) to investors. What is the NAV in January 2004