A Mutual Fund Had Year-End Assets of $750,000,000 and Liabilities

question 3

Multiple Choice

A mutual fund had year-end assets of $750,000,000 and liabilities of $7,500,000. There were 40,000,000 shares in the fund at year end. What was the mutual fund's net asset value?

• A) $9.63
• B) $18.56
• C) $16.42
• D) $17.87
• E) $17.26

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