A Mutual Fund Had Year-End Assets of $465,000,000 and Liabilities

question 7

Multiple Choice

A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000. If the fund NAV was $56.12, how many shares must have been held in the fund?

• A) 4,300,000
• B) 6,488,372
• C) 8,601,709
• D) 7,626,515
• E) None of these options are correct.

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