The Investments in the Already Been Counted Fund Have a Current

question 36

Multiple Choice

The investments in the Already Been Counted Fund have a current market value of $600 million. The fund also has liabilities that total $40 million. If this mutual fund has 25 million shares, what is the net asset value per share?

• A) $1.60.
• B) $22.40.
• C) $24.00.
• D) $25.60.
• E) None of these.

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Definitions:

Police Power

Police power refers to the capacity of a state to regulate behaviors and enforce order within its territory for the betterment of the health, safety, morals, and general welfare of its inhabitants.

Child Labor

Refers to the employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Regulating Commerce

The act of governing or controlling business practices, trade, and economic transactions through laws and regulations to ensure fairness, competition, and consumer protection.

Central Government

The national government of a federated state, possessing ultimate governmental authority over the entire country.