Consider a Mutual Fund with 100 Shareholders Who Each Invested

question 1

Multiple Choice

Consider a mutual fund with 100 shareholders who each invested $10 for a total of $1,000.If the assets of the mutual fund are worth $900,what is the net asset value for each one of the mutual fund shares?

• A)$0.9.
• B)$9.
• C)$90.
• D)$10.