A Mutual Fund Has an NAV of $9

question 58

Multiple Choice

A mutual fund has an NAV of $9.55 with 272,400 shares outstanding.What is the value of the fund's assets if it has $350,400 in liabilities?

• A)$2,844,537
• B)$2,951,820
• C)$3,055,380
• D)$3,187,019
• E)$3,267,337

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Definitions:

Title Transfer

The legal process of transferring ownership of property, such as real estate or vehicles, from one party to another.

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The geographical place or position of something.

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Basic materials or substances used in the production or manufacturing of goods.

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Items or goods that have completed the manufacturing or production process and are ready for sale or distribution.