Suppose You Own a Mutual Fund Which Has 11,326,555 Shares

question 21

Multiple Choice

Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are $70,111,050 and its liabilities are $12,444,100, find the net asset value of the fund.

• A) $5.09
• B) $5.13
• C) $5.36
• D) $5.98

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