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Calculate the net asset value (NAV) of a fund

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On January 2, the prices at 4:00pm are as follows:

1.Calculate the net asset value(NAV) for the fund.

2. Assume the new investor then sells 420 shares. What is his profit? What is the annualized return? The fund sells 800 shares of stock 4 to raise the needed funds. Assume 250 trading days per year.

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