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

question 180

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.
- $$\begin{array} { l c c l } \hline \begin{array} { l } \text { Amount } \\\text { Invested }\end{array} & \begin{array} { c } \text { Total Fund } \\\text { Assets }\end{array} & \begin{array} { l } \text { Total Fund } \\\text { Liabilities }\end{array} & \begin{array} { c } \text { Total Shares } \\\text { Outstanding }\end{array} \\\hline 3400 & \$ 785 \text { million } & \$ 40 \text { million } & 70 \text { million } \\\hline\end{array}$$ Find the number of shares purchased.

• A)319
• B)351
• C)303
• D)49

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Definitions:

Femur

The longest and strongest bone in the human body, located in the thigh.

Fibula

A long, thin bone located on the lateral side of the tibia in the lower leg.

Ankle Bones

The bones that form the joint connecting the foot to the leg, including the tibia, fibula, and talus.

Nasal Cavity

The large air-filled space above and behind the nose in the middle of the face, involved in breathing and smelling.