A Mutual Fund Had Year-End Assets of $327,000,000 and Liabilities

question 20

Multiple Choice

A mutual fund had year-end assets of $327,000,000 and liabilities of $46,000,000. If the fund NAV was $30.48, how many shares must have been held in the fund?

• A) 11,354,751
• B) 8,412,642
• C) 10,165,476
• D) 9,165,414
• E) 9,219,160

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