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A Mutual Fund Had Year-End Assets of $327,000,000 and Liabilities

question 20

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A mutual fund had year-end assets of $327,000,000 and liabilities of $46,000,000. If the fund NAV was $30.48, how many shares must have been held in the fund?


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Classifying Objects

The cognitive process of organizing items into categories based on shared characteristics.

Algorithms

A defined set of step-by-step procedures or rules followed in calculations or problem-solving operations, especially by a computer.

Fixations

An obsessive focus or attachment to some aspect of psychological or emotional development.

Prototype

A prototype is the initial or preliminary version of a device, system, or product that serves as a model for further development and testing.

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