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:

Directive Leader

A leadership style characterized by providing clear, specific commands and expecting compliance from subordinates.

Group Members

Individuals who belong to a shared collective, such as a team, organization, or social group, contributing to common goals.

Morale

The confidence, enthusiasm, and discipline of a person or group at a particular time, especially in a work context.

Contingency Leadership

A theory of leadership that suggests the effectiveness of a particular style of leadership is contingent upon the context and situation at hand.