The Blue Star Fund Has Assets with a Market Value

question 79

Multiple Choice

The Blue Star Fund has assets with a market value of $10.6 million and liabilities of $607,000.What is the net asset value if there are 185,000 shares outstanding?

• A) $54.02
• B) $55.00
• C) $56.67
• D) $57.18
• E) $58.25

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Definitions:

Morality

A system of beliefs and principles concerning the distinction between right and wrong or good and bad behavior.

Institution

A structured and established organization or foundation, often societal or public, that serves a specific purpose, such as educational, financial, religious, or governmental.

Veil Of Ignorance

A philosophical tool proposed by John Rawls to ensure impartiality in ethical decision-making by imagining oneself ignorant of personal characteristics.

Difference Principle

A theory proposed by philosopher John Rawls suggesting social and economic inequalities should be arranged so they benefit the least advantaged members of society.