The Capitalist Mutual Fund's Net Asset Value Is $26

question 120

Multiple Choice

The Capitalist Mutual Fund's net asset value is $26.25.The fund has liabilities of $3 million and 1,600,000 shares have been issued.What is the value of the fund's portfolio?

• A)$42 million
• B)$45 million
• C)$50 million
• D)$39 million
• E)$36 million

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