An Open-Ended Fund Has Stocks of Three Companies: 200 Shares

question 93

Multiple Choice

An open-ended fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30.The fund has 500 shares outstanding.What is the net asset value (NAV) of the fund?

• A)$30.00.
• B)$60.00.
• C)$120.00.
• D)$12.00.
• E)$37.50.

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Definitions:

Spiritual Leadership Theory

A leadership model that emphasizes the importance of values, beliefs, and a sense of purpose in motivating followers.

Societal Benefits

The advantages or positive outcomes that contribute to the well-being or improvement of society as a whole.

Socialized Power Orientation

A focus on using power and influence for the benefit of the larger group or community, rather than for personal gain.

Demoralizing

Actions or situations that reduce an individual’s motivation, enthusiasm, or confidence, negatively impacting their performance or attitude.