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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Definitions:

Leadership

The act of guiding, directing, or influencing others towards a shared goal or objective.

Theory

A set of concepts designed to clarify something, rooted in universal principles that are not dependent on the subject matter in question.

Essential Behaviors

Fundamental actions or conducts that are necessary for achieving certain outcomes or objectives.

Leader

An individual who guides or influences a group towards achieving specific goals or visions.