The Atlas Mutual Fund Owns the Following Stocks The Fund Has No Liabilities and Has 62,000 Shares Outstanding

question 17

Multiple Choice

The Atlas Mutual Fund owns the following stocks:
$\begin{array}{ccc}\text { Stock } & \text { Shares } & \text { Stock Price } \\\mathrm{X} & 2,600 & \$ 51 \\\mathrm{Y} & 3,800 & \$ 68 \\\mathrm{Z} & 1,900 & \$ 24\end{array}$

The fund has no liabilities and has 62,000 shares outstanding. What is the NAV?

• A)$6.32
• B)$6.57
• C)$6.71
• D)$7.04
• E)$7.19

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