The Blue Star Fund Has Assets with a Market Value

question 38

Multiple Choice

The Blue Star Fund has assets with a market value of $10.3 million and liabilities of $207,000. What is the net asset value if there are 175,000 shares outstanding?

• A) $54.87
• B) $56.00
• C) $57.67
• D) $58.18
• E) $59.25

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Definitions:

LiAlH4

Lithium aluminium hydride, a strong reducing agent commonly used in organic chemistry to reduce aldehydes, ketones, and esters to alcohols.

Methanol Poisoning

A toxic condition resulting from the ingestion of methanol, causing symptoms such as visual disturbances and metabolic acidosis.

Ethylene Glycol

A colorless, odorless, sweet-tasting, viscous liquid used primarily as an antifreeze and in the manufacture of polyesters.

Clinically Treated

Refers to the application of medical procedures, therapies, or medication that has undergone clinical trials or examination in a healthcare setting.