A Mutual Fund Has 2,000 Shares of Stock at a Price

question 91

Multiple Choice

A mutual fund has 2,000 shares of stock at a price of $70 and 6,000 shares of another stock at a price of $30. If the fund has an NAV of $17.10, how many shares of the mutual fund are outstanding?

• A) 8,000
• B) 16,242
• C) 18,713
• D) 17,626
• E) 19,853

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Definitions:

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