Compute the Net Asset Value for a Share of a Mutual

question 99

Multiple Choice

Compute the net asset value for a share of a mutual fund with the following characteristics:
​
Market value of assets:
$177,000,000
Market value of liabilities:
$12,000,000
Number of shares outstanding:
7,250,000

• A)$23.66
• B)$22.76
• C)$26.07
• D)$24.41

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Definitions:

Skeletal

Relating to or consisting of the bones of the body or the skeleton.

Smooth

A type of involuntary muscle found in various organs, including the stomach, intestines, and blood vessels, controlling their movements and function.

Cardiac

Pertaining to the heart, its structure, function, or diseases.

Multinucleated

Describes cells that contain more than one nucleus, often found in certain muscle fibers and some pathogens.