A Mutual Fund Had Year-End Assets of $700,000,000 and Liabilities

question 9

Multiple Choice

A mutual fund had year-end assets of $700,000,000 and liabilities of $7,000,000. There were 40,150,000 shares in the fund at year end. What was the mutual fund's net asset value?

• A) $9.63
• B) $57.71
• C) $16.42
• D) $17.87
• E) $17.26

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Definitions:

Actual Price Level

The current general level of prices for goods and services in an economy, which can be compared to past levels to assess inflation or deflation.

Expected Price Level

The anticipated average price of goods and services in an economy over a future period, which influences consumer and business decisions.

Long-Run Aggregate-Supply

The total output of an economy when all resources are fully employed, with prices of inputs and outputs able to adjust to any changes.

Real GDP

The inflation-adjusted value of all goods and services produced within a country's borders in a year, reflecting the actual productivity of an economy.