A Mutual Fund Had Year-End Assets of $437,000,000 and Liabilities

question 68

Multiple Choice

A mutual fund had year-end assets of $437,000,000 and liabilities of $37,000,000. If the fund NAV was $60.12, how many shares must have been held in the fund?

• A) 6,653,360
• B) 8,412,642
• C) 10,165,476
• D) 9,165,414
• E) 9,219,160

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Units of time, each roughly about 30 days long, used to measure the duration of a year.

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