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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