The Given Information Applies to the Day of Investment in a Mutual

question 184

Multiple Choice

The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
- $$\begin{array} { l c c c } \hline \begin{array} { l } \text { Amount } \\\text { Invested }\end{array} & \begin{array} { c } \text { Total Fund } \\\text { Assets }\end{array} & \begin{array} { l } \text { Total Fund } \\\text { Liabilities }\end{array} & \begin{array} { c } \text { Total Shares } \\\text { Outstanding }\end{array} \\\hline \$ 24,600 & \$ 2.04 \text { billion } & \$ 212 \text { million } & 138 \text { million } \\\hline\end{array}$$ Find the net asset value.

• A)$1828 million
• B)$14.78
• C)$13.25
• D)$1.52

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Definitions:

Non-Metallic

Refers to elements or materials that do not exhibit the characteristics of metals, such as electrical conductivity or luster.

Mineral Resource

Natural deposits of minerals within the Earth’s crust that are of economic value and can be extracted and processed.

Soil

The top layer of the Earth's surface consisting of mineral particles, organic matter, water, and air, serving as the primary medium for plant growth and nutrient cycling.

Sand

Fine particles of rock and mineral, typically found on beaches and desert landscapes, often used in construction and manufacturing.