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

question 7

Multiple Choice

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?

• A) 4,300,000
• B) 6,488,372
• C) 8,601,709
• D) 7,626,515
• E) None of these options are correct.

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Definitions:

Interpolation

The process of estimating unknown values that fall between known values.

Dissociative Amnesia

A psychological condition characterized by memory loss that cannot be attributed to normal forgetfulness, often related to traumatic or stressful experiences.

Semantic Memories

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the use and understanding of language.

Procedural Memories

Memories of motor skills and habits that are performed without conscious thought, such as riding a bike or typing on a keyboard.