A Mutual Fund Has 40,000 Shares of Stock a at a Price

question 95

Multiple Choice

A mutual fund has 40,000 shares of Stock A at a price of $38 and 60,000 shares of Stock B at a price of $46. If the fund has 95,000 shares outstanding and total liabilities of $130,000, what is the NAV of the fund?

• A) $42.74
• B) $43.68
• C) $44.31
• D) $45.05
• E) $46.13

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water bodies.

Rate Of Population Increase

The rate at which a population grows or declines, considering factors like birth rates, death rates, immigration, and emigration.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.