Multiple Mutual Funds Had Year-End Assets of $457,000,000 and Liabilities

question 25

Multiple Choice

Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000.There were 24,300,000 shares in the fund at year end.What was Multiple Mutual's net asset value?

• A)$18.11
• B)$18.81
• C)$69.96
• D)$7.00