An Open-Ended Fund Has Stocks of Three Companies: 200 Shares

Multiple Choice

An open-ended fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30.The fund has 500 shares outstanding.What is the net asset value (NAV) of the fund?

A) $30.00.
B) $60.00.
C) $120.00.
D) $12.00.
E) $37.50.