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

---

Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, typically measured in the arteries.

Ulnar Artery

A major artery of the forearm that supplies blood to the flexor muscles of the hand and medial aspect of the forearm.

Right Ventricular Systole

The phase of the cardiac cycle during which the right ventricle of the heart contracts and pumps deoxygenated blood into the pulmonary arteries leading to the lungs.

Pulmonary Trunk

The major blood vessel that carries blood from the right ventricle of the heart to the lungs for oxygenation.