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A Mutual Fund Had Year-End Assets of $465,000,000 and Liabilities

question 7

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A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000. If the fund NAV was $56.12, how many shares must have been held in the fund?

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Definitions:

Lorenz Curves

Graphical representations that show the distribution of income or wealth among individuals or households in a given economy.

Share Of Total Income

The proportion of total national or group income that is earned by individuals or segments of a population, often used to analyze income distribution and inequality.

Income Inequality

The unequal distribution of income within a population, often measured by various statistical means like the Gini coefficient.

Earnings Received From Wealth

Income generated from assets owned, such as dividends from stocks, interest on bonds, or rent from property.

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