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:

Sensation

The initial detection of stimulus energy (e.g., sound, light) by sensory organs and its conversion into neural signals.

Efferent Nervous System

Part of the nervous system responsible for carrying motor signals from the central nervous system to the body, controlling actions.

External Stimulation

External stimulation refers to any input from the environment that influences sensory receptors and can alter an individual's response or behavior.

Persistence of Vision

is the phenomenon where an image continues to appear in one's vision after the exposure to the original image has ceased.