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

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