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Calculate the net asset value (NAV) for the mutual fund. Assume that 8000 shares are outstanding for the fund.

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On January 1, a mutual fund has the following assets and prices at 4:00 p.m. (see attached)

1. Calculate the net asset value (NAV) for the fund Assume that 8000 shares are outstanding for the fund.

2. An investor sends the fund a check for $50,000. If there is no front-end load, calculate the new number of shares and price per share. Assume the manager purchases 1800 shares of stock3, and the rest is held in cash

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The expert calculates the net asset value for the mutual funds.

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