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:

Splitting

A defense mechanism where one's perception of self and others shifts dramatically, viewing people or situations as all good or all bad with no middle ground.

Therapist

A professional trained to treat mental, emotional, and behavioral disorders through psychological techniques and interventions.

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Medication

Substances used to diagnose, treat, or prevent illness and disease to improve health.