The Sage Mutual Fund's Portfolio Is Valued at $120 Million

question 89

Multiple Choice

The Sage Mutual Fund's portfolio is valued at $120 million.The fund has liabilities of $10 million, and the investment company sponsoring the fund has issued 5,000,000 shares.What is the fund's net asset value per share?

• A)$2.00
• B)$5.00
• C)$12.00
• D)$22.00
• E)$24.00

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Definitions:

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Infradian

Referring to biological rhythms with cycles that are longer than a day, such as monthly cycles or seasonal behaviors.

Ultradian

Pertaining to recurrent periods or cycles repeated throughout a 24-hour day, such as cycles of sleep stages.

Alpha Waves

Brain waves that are present when an individual is relaxed, awake, but not actively processing information.