A Mutual Fund Had Year-End Assets of $560,000,000 and Liabilities

question 42

Multiple Choice

A mutual fund had year-end assets of $560,000,000 and liabilities of $26,000,000. There were 23,850,000 shares in the fund at year end. What was the mutual fund's net asset value?

• A) $22.87
• B) $22.39
• C) $22.24
• D) $17.61
• E) $19.25

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Definitions:

Equality-Efficiency Trade-Off

The compromise between ensuring an equitable distribution of resources and reaching the highest level of economic efficiency.

Economic Efficiency

A measure of how well resources are allocated to maximize the production of goods and services.

Income Distribution

The way in which total income is divided among the population or different groups within society.

Redistributing Income

The process of adjusting the distribution of income within a society, typically through taxation and government spending.