A Mutual Fund Had Year-End Assets of $521,000,000 and Liabilities

question 56

Multiple Choice

A mutual fund had year-end assets of $521,000,000 and liabilities of $63,000,000.If the fund NAV was $26.12,how many shares must have been held in the fund?

• A)17,534,456
• B)16,488,372
• C)18,601,742
• D)17,542,515
• E)None of the above.

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