Suppose That the Current Value of All of a Mutual

question 70

Multiple Choice

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million.The fund's liabilities are $125 million and it grew at 20% from last year.It currently has 45 million shares outstanding.What is the fund's NAV?

• A)$12.00 per share
• B)$13.89 per share
• C)$14.40 per share
• D)$16.80 per share

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Definitions:

Attributional Style Questionnaire

A self-report inventory that assesses an individual's tendency to attribute outcomes to certain causes, analyzing their optimism or pessimism.

Redundant

Being excessive or superfluous, especially in terms of information or elements that are no longer needed or are repetitive.

Self-Serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.

Self-Protection

The behaviors and actions individuals take to defend their well-being and ensure their safety from harm or danger.