A Mutual Fund Had Year-End Assets of $521,000,000 and Liabilities

question 55

Multiple Choice

A mutual fund had year-end assets of $521,000,000 and liabilities of $63,000,000. If the fund NAV was $26.12, how many shares must have been held in the fund?

• A) 17,534,456
• B) 16,488,372
• C) 18,601,742
• D) 17,542,515

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A state or format of data or information that can be easily understood and applied by users or systems.

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An approach where all decision-making and system control mechanisms are concentrated in a single location or entity.

Main Controller

The primary device or system responsible for managing and directing the operations of a network, machine, or process control system.

Pushbutton Switch

A manually operated switch that can make or break an electrical connection when pressed.