A Mutual Fund Has 4,000 Shares of Stock a at a Price

Multiple Choice

A mutual fund has 4,000 shares of Stock A at a price of $45 and 6,000 shares of Stock B at a price of $35. If the fund has 20,000 shares outstanding, what is the NAV of the fund? Assume there are no liabilities for this fund.

A) $18.75
B) $19.50
C) $17.10
D) $21.10
E) $20.65