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

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Objective Eligibility Criteria

The predefined and transparent standards used to determine an individual's or entity's qualification for a program or benefit.

Public Assistance

Government-provided support aimed at individuals or households with inadequate or no income.

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A government-sponsored program aimed at providing financial assistance to individuals in events of unemployment, disability, or old age.

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The proportion of the population that lives below the poverty line, averaged across a nation, indicating the level of economic hardship and inequality.