The Colgate Mutual Fund Has an NAV of $27

question 79

Multiple Choice

The Colgate Mutual Fund has an NAV of $27.23 per share with 150,200 shares outstanding. What is the value of the fund's assets if it has $503,400 in liabilities?

• A)$653,573
• B)$653,627
• C)$1,200,233
• D)$3,187,019
• E)$4,593,346

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