A Mutual Fund Had Year-End Assets of $560,000,000 and Liabilities

question 21

Multiple Choice

A mutual fund had year-end assets of $560,000,000 and liabilities of $26,000,000.There were 23,850,000 shares in the fund at year end.What was the mutual fund's Net Asset Value?

• A)$22.87
• B)$22.39
• C)$22.24
• D)$17.61
• E)$19.25

---

Definitions:

Allow Value List Edits

A feature in some software that permits users to directly amend or update a list of predefined values.

Lookup Field

A field in databases and spreadsheets that retrieves and displays data from another table or list, based on a specific query or criterion.

Edit List

The process of adding, removing, or modifying items within a list to update or manage its contents.

Capacity Building

Efforts or initiatives aimed at enhancing the skills, competencies, and abilities of individuals or organizations for improved performance.