The All-Star Basic Value Fund's Portfolio Is Valued at $210

question 48

Multiple Choice

The All-Star Basic Value Fund's portfolio is valued at $210 million.The fund has liabilities of $5 million,and the fund's net asset value is $12.50.What is the fund's number of shares outstanding?

• A)5,000,000
• B)7,500,000
• C)12,500,000
• D)16,400,000
• E)38,720,000

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