A Mutual Fund Had Year-End Assets of $437,000,000 and Liabilities

question 31

Multiple Choice

A mutual fund had year-end assets of $437,000,000 and liabilities of $37,000,000.If the fund NAV was $60.12, how many shares must have been held in the fund?

• A)6,653,360
• B)8,412,642
• C)10,165,476
• D)9,165,414

---

Definitions:

Transfer Price

The internal charge assigned to the exchange of goods or services between the departments or divisions of the same organization, affecting both profitability and tax liabilities.

Outside Supplier

An external entity or company that provides goods or services to another company, often part of the supply chain.

Idle Capacity

Unused production capacity, indicating available resources that are not currently being utilized.

Transfer Price

Transfer price refers to the price charged for goods or services transferred between departments or divisions within the same company or between affiliated entities.