An open-end mutual fund has the following stocks:
Stock | Shares | Stock Price | ||
A | 8,500 | $ | 93 | |
B | 33,000 | 22 | ||
C | 6,000 | 79 | ||
D | 81,000 | 11 | ||
The fund has 55,000 shares and liabilities of $135,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Net Asset Value?
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