A Mutual Fund with $5

question 21

Multiple Choice

A mutual fund with $5.4 million in assets has 250,000 shares outstanding. If the fund has liabilities of $420,000, what is the NAV of the fund?

• A) $19.92
• B) $20.16
• C) $20.84
• D) $21.34
• E) $21.60

---

Definitions:

Flooded

Condition of being covered or inundated with water, typically as a result of excessive rainfall, storm surges, or the overflow of rivers.

Rising And Sinking

This term pertains to vertical movements of the Earth's crust, often due to tectonic activity.

Established Theory

A concept or principle that has been widely accepted by the scientific community because it is supported by a substantial body of evidence.

Hypothesis

A conception or proposition that is tentatively assumed and then tested for validity by comparison with observed facts and by experimentation.