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

question 48

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:

Corpus Callosum

A large band of neural fibers connecting the two hemispheres of the brain and facilitating interhemispheric communication.

Gyri

The raised folds or convolutions in the cerebral cortex that increase the brain's surface area and cognitive ability.

Convolutions

The ridges of brain matter between the sulci; also called gyri.

Respiration

The biochemical process in living organisms involving the exchange of gases (oxygen and carbon dioxide) to produce energy.