A Mutual Fund Has a Net Asset Value  ( NAV

question 4

Multiple Choice

A mutual fund has a net asset value  ( NAV ) of $8.10 and 325 shares outstanding. What is the total market value of the fund?

• A)$2,461.15
• B)$4,012.34
• C)$2,492.30
• D)$2,632.50

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Definitions:

Overhead Expenses

Indirect costs related to running a business that are not directly tied to production, including rent, utilities, and administrative salaries.

Assessed Valuation

Assessed Valuation is the dollar value assigned to a property for purposes of taxation by a public authority.

Taxation

The process by which governments impose charges on citizens and corporate entities, generating revenue used to fund public services and infrastructure.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.