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With your own personal funds, you are looking to delve into the investment world. You want to obtain investments that are fairly safe and diversified

With your own personal funds, you are looking to delve into the investment world. You want to obtain investments that are fairly safe and diversified but require little effort on your part to maintain those qualities. You decide to invest in a mutual fund. Compute the NAV of the investment fund that owns $4,000,000 in stock and has $3,500,000 in debt, $150,000 in cash, $215,000 in liabilities, and a total number of shares outstanding of 1,200,000.
a. $3.15
b. $6.55
c. $6.07
d. $6.20

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