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

question 113

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.
- $$\begin{array} { l c c c } \hline \begin{array} { l } \text { Amount } \\\text { Invested }\end{array} & \begin{array} { c } \text { Total Fund } \\\text { Assets }\end{array} & \begin{array} { l } \text { Total Fund } \\\text { Liabilities }\end{array} & \begin{array} { c } \text { Total Shares } \\\text { Outstanding }\end{array} \\\hline \$ 2200 & \$ 2.22 \text { billion } & \$ 261 \text { million } & 159 \text { million } \\\hline\end{array}$$ Find the number of shares purchased.

• A)1352
• B)158
• C)179
• D)14