You Invest $6,000 in a No-Load Mutual Fund Whose Net

question 68

Multiple Choice

You invest $6,000 in a no-load mutual fund whose net asset value per share is $36.How many shares of the mutual fund will you receive if the coupon is 8 percent?

• A) 4.92
• B) 166.66
• C) 750
• D) 288
• E) 20.83

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets.

Acid-Test Ratio

A financial metric comparing a company's most liquid assets (excluding inventory) to its current liabilities, used to assess short-term solvency.

Marketable Securities

These are liquid financial instruments that can easily be converted into cash at their current value in the financial markets.

Selling And Administrative Expenses

Expenses related to the selling of products and the management of the business, not directly tied to manufacturing.