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

question 42

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

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Definitions:

New Venture

A business enterprise that has recently been established, characterized by new market offerings and potential for growth.

Risk Taker

An individual or entity that is willing to take on risk in pursuit of reward, often in the context of business or investment.

Private Enterprise

Businesses that are owned and operated by private individuals or groups, rather than being controlled or owned by the government.

Tolerate Ambiguity

Tolerating ambiguity refers to the ability to remain productive and calm when situations are uncertain or unclear.