A Mutual Fund Has an NAV of $10

question 78

Multiple Choice

A mutual fund has an NAV of $10.60 with 268,300 shares outstanding. What is the value of the fund's assets if it has $211,400 in liabilities?

• A) $2,844,537
• B) $2,911,018
• C) $3,055,380
• D) $3,187,019
• E) $3,267,337

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Definitions:

802.11ac

A wireless networking standard in the 802.11 family that provides high-throughput wireless local area networks (WLANs) on the 5 GHz band.

802.11n

A wireless networking standard that improves upon previous 802.11 standards by increasing speed, range, and reliability of wireless networks.

802.3ac

A standard amendment to IEEE 802.3 that specifies frame extensions for VLAN tagging in Ethernet networks.

Network Adapters

Hardware components that connect computers to a network, allowing them to communicate with other computers and devices.