A Mutual Fund Has an NAV of $10

question 84

Multiple Choice

A mutual fund has an NAV of $10.25 with 252,000 shares outstanding. What is the value of the fund's assets if it has $340,500 in liabilities?

• A)$2,844,537
• B)$2,923,500
• C)$3,055,380
• D)$3,187,019
• E)$3,267,337

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Definitions:

Regressive

Relating to a tax system that disproportionately impacts those with lower incomes, or to policies that may reverse political or social progress.

Regressive Tax

A tax imposed in such a way that the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.

Payroll Tax

Levies charged on employers or workers, typically based on a proportion of the wages that staff receive from their employers.

Labor Market

The labor market is an economic market in which workers seek employment and employers seek to hire workers, often influenced by factors like wages, demand, and qualifications.