A Mutual Fund Had Year-End Assets of $250,000,000 and Liabilities

question 64

Multiple Choice

A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There were 3,750,000 shares in the fund at year end. What was the mutual fund's net asset value?

• A) $92.53
• B) $67.39
• C) $63.24
• D) $65.60
• E) $17.46

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