The All-Star Basic Value Fund's Portfolio Is Valued at $105

question 117

Multiple Choice

The All-Star Basic Value Fund's portfolio is valued at $105 million.The fund has liabilities of $2.5 million,and the fund's net asset value is $6.25.What is the fund's number of shares outstanding?

• A)2,500,000
• B)5,500,000
• C)6,250,000
• D)16,400,000
• E)38,720,000

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