Suppose NBT Mutual Fund Has No Liabilities and Owns Only

question 42

Multiple Choice

Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

• A)$0.72
• B)$14.33
• C)$15.21
• D)$71.66
• E)None of the above

---

Definitions:

Bulimia

An eating disorder marked by periods of binge-eating followed by behaviors to prevent weight gain, such as self-induced vomiting or excessive exercise.

Intrinsic Motivation

The drive to engage in activities for their own sake and personal rewards, rather than for some external reward or avoidance of punishment.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than personal satisfaction or interest.

Intrinsic Motivation

The drive to engage in an activity for its own sake and for personal satisfaction, rather than for some external reward.