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Question
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.
Answer
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