Multiple Mutual Funds Had Year-End Assets of $457,000,000 and Liabilities

question 5

Multiple Choice

Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000.There were 24,300,000 shares in the fund at year-end.What was Multiple Mutual's Net Asset Value?

• A)$18.11
• B)$18.81
• C)$69.96
• D)$7.00
• E)$181.07

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Definitions:

Sterility

The inability to reproduce or produce offspring, often resulting from genetic, physical, or environmental factors.

Breast Lumps

Describes palpable masses of tissue in the breast that can vary in size, shape, and consistency and can be benign or indicative of breast cancer.

Cancerous

Pertaining to or characteristic of cancer; involving cells that are malignant and have the potential to spread and invade other tissues.

Percentage

A ratio or fraction out of 100 used to express quantities.