The Capitalist Mutual Fund's Portfolio Is Valued at $55 Million

question 36

Multiple Choice

The Capitalist Mutual Fund's portfolio is valued at $55 million.The fund has liabilities of $4 million, and the investment company sponsoring the fund has issued 2,400,000 shares.What is the fund's net asset value?

• A)$100
• B)$21.25
• C)$22.91
• D)$24.58
• E)$1

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Definitions:

Musical Training

The education and practice in the art of music, encompassing both practical skills on musical instruments and theoretical knowledge.

Absolute Pitch

The ability to identify or recreate a musical note without any reference pitch.

Early Childhood

A developmental period from birth to eight years of age, characterized by rapid physical, cognitive, and emotional growth.

Vestibular System

The sensory system that contributes to balance and spatial orientation, located in the inner ear.