Consider the Defiance Bond Fund that consists of the 3 bonds shown below and has no liabilities. 
If initially the value of the fund was $250,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund?
Definitions:
Predictive Validities
The extent to which a score on a scale or test predicts future performance on a related task.
Construct Validity
The extent to which a test or measure accurately assesses the theoretical concept it is intended to measure.
Measurement Errors
The difference between a measured value and the true or accepted value, arising from limitations in the measurement process.
Strong Situation
A situation that elicits similar behaviors from most people, minimizing individual differences in response.
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