You are provided with the following information for LPG Mutual Fund: *

a. $42.16 per share

b. $43.81 per share

c. $41.80 per share

d. $44.85 per share

e. None of the above

At the beginning of 2019, NAV was equal to $40 and the number of shares outstanding were equal to 12 million. At the end of the year, the fund has distributed $2.2 million in dividends. Consequently, each investor's rate of return was equal to 10%. Assume that the number of shares remained the same, what is the NAV of LPG Inv. at the end of the year? At the beginning of 2019, NAV was equal to $40 and the number of shares outstanding were equal to 12 million. At the end of the year, the fund has distributed $2.2 million in dividends. Consequently, each investor's rate of return was equal to 10%. Assume that the number of shares remained the same, what is the NAV of LPG Inv. at the end of the year