A Mutual Fund Has an NAV of $10

question 84

Multiple Choice

A mutual fund has an NAV of $10.25 with 252,000 shares outstanding. What is the value of the fund's assets if it has $340,500 in liabilities?

• A)$2,844,537
• B)$2,923,500
• C)$3,055,380
• D)$3,187,019
• E)$3,267,337

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