The Latest Trend Fund Has $2,648,900 in Assets, and $1,878,400

question 20

Multiple Choice

The Latest Trend Fund has $2,648,900 in assets, and $1,878,400 in liabilities. How many shares are outstanding if the NAV is $10.07?

• A)75,481
• B)76,514
• C)77,089
• D)79,142
• E)79,638

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Definitions:

Leg Laceration

A deep cut or tear in the skin or flesh of the leg.

Nerve Conduction

The process by which electrical signals are transmitted through nerve fibers.

Afferent Nerves

Also called sensory nerves; nerves that carry information about the external environment to the brain and spinal cord via sensory receptors.

Electrochemical Messages

The method by which neurons communicate with each other, involving electrical signals and chemical neurotransmitter substances.