Multiple Mutual Funds Had Year-End Assets of $457,000,000 and Liabilities

question 48

Multiple Choice

Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000. There were 24,300,000 shares in the fund at year end. What was Multiple Mutual's net asset value?

• A) $18.11
• B) $18.81
• C) $69.96
• D) $7.00
• E) $181.07

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