Multiple Mutual Fund Had Year-End Assets of $457,000,000 and Liabilities

question 53

Multiple Choice

Multiple Mutual Fund had year-end assets of $457,000,000 and liabilities of $17,000,000.There were 24,300,000 shares in the fund at year end.What was Multiple Mutual's Net Asset Value?

• A) $18.11
• B) $18.81
• C) $69.96
• D) $7.00
• E) $181.07