A Mutual Fund Has 10,000 Shares of Stock D at a Price

question 12

Multiple Choice

A mutual fund has 10,000 shares of Stock D at a price of $34 and 15,000 shares of Stock E at a price of $41. The fund has liabilities of $87,000 and a NAV of $41.05. How many shares of the fund are outstanding?

• A) 20,612
• B) 23,246
• C) 24,324
• D) 21,145
• E) 18,306

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Definitions:

Herding Behaviour

A social phenomenon where individuals in a group act collectively without centralized direction, often observed in financial markets, social settings, or animal behavior.

Puzzle Box Experiments

Research studies involving tasks that require animals or humans to solve problems to obtain a reward, often used to study learning and intelligence.

Thorndike

Edward Lee Thorndike, an American psychologist known for his work in comparative psychology and the law of effect.

Escape Time

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