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:

Ethical Safeguards

Measures put in place to ensure ethical standards are upheld, protecting participants in research or clients in professional settings.

Replication

In scientific research, the process of repeating a study or experiment to verify results and ensure reliability and accuracy of findings.

Transparency

The quality of being open, honest, and straightforward in communication and actions, fostering trust and understanding.

Secondhand Smoke

Tobacco smoke that affects individuals other than the active smoker, containing harmful chemicals that pose health risks to bystanders.