The Investments in the Alamo Basics Contingency Fund Have a Current

question 25

Multiple Choice

The investments in the Alamo Basics Contingency Fund have a current market value of $800 million. The fund also has liabilities that total $60 million. If this mutual fund has 20 million shares, what is the net asset value per share?

• A) $3.00
• B) $37.00
• C) $40.00
• D) $43.00
• E) $60.00

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Definitions:

Nicotine

A stimulant and addictive substance found primarily in tobacco products.

Alcohol

A colorless, volatile liquid that is the active ingredient in drinks such as beer, wine, and spirits, and is also used in sterilization and as a fuel source.

Caffeine

A natural stimulant found in coffee, tea, chocolate, and certain medications that affects the central nervous system, enhancing alertness and reducing tiredness.

Morphine

A powerful opiate analgesic drug derived from the opium poppy used to relieve severe pain.