A Mutual Fund Had Year-End Assets of $750,000,000 and Liabilities

question 9

Multiple Choice

A mutual fund had year-end assets of $750,000,000 and liabilities of $7,500,000.There were 40,000,000 shares in the fund at year end.What was the mutual fund's net asset value?

• A)$9.63
• B)$18.56
• C)$16.42
• D)$17.87

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Definitions:

Syn Fashion

A descriptive term for a stereochemical arrangement in which substituents on adjacent carbons are oriented on the same side of a molecule or double bond.

Dihydroxylation

A chemical process that introduces two hydroxyl (-OH) groups across a double bond in alkenes, producing diols.

Hydroboration

A chemical reaction that adds boron and hydrogen across the double bond of alkenes to form organoboranes, a helpful intermediate in organic synthesis.

Alkene

Hydrocarbons that contain at least one carbon-carbon double bond, involved in various organic reactions.