A Mutual Fund Has 40,000 Shares of Stock a at a Price

Multiple Choice

A mutual fund has 40,000 shares of Stock A at a price of $38 and 60,000 shares of Stock B at a price of $46. If the fund has 95,000 shares outstanding and total liabilities of $130,000, what is the NAV of the fund?

A) $42.74
B) $43.68
C) $44.31
D) $45.05
E) $46.13