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On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time, funds collected were used to purchase the following securities:
01/01/2004
31/12/04
securities
#Shares
price
A
250000
10.75
11.55
B
150000
15.75
14.25
C
210000
32.25
32.5
ChigaBiga issued 5 million shares (or units) to investors. What is the NAV in January 2004?
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