Suppose That a Mutual Fund with 10 Million Shares Outstanding

question 6

Multiple Choice

Suppose that a mutual fund with 10 million shares outstanding has a portfolio with a market value of $430 million and liabilities of $30 million.

• A) $20
• B) $40
• C) $60
• D) $80

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Definitions:

White Privilege

The societal privileges that benefit white people over non-white people in certain societies, particularly if they are otherwise under the same social, political, or economic circumstances.

Anglo-European Descent

Refers to individuals whose ancestry can be traced back to Europe, particularly to the countries of England and other European nations.

Social Constructs

Concepts or perceptions that exist because people in a society agree to behave as if they exist or agree that they hold a certain meaning.

Racial Categorization

The process of classifying people into groups based on physical characteristics, such as skin color, often leading to social and economic inequalities.