Suppose NBT Mutual Fund Has No Liabilities and Owns Only

question 73

Multiple Choice

Suppose NBT Mutual Fund has no liabilities and owns only three stocks with the following number of shares and respective market prices. The fund originated by selling $500,000 of stock at $100.00 per share. What is its current NAV?

• A) $0.72
• B) $14.33
• C) $15.21
• D) $71.66
• E) $70.25

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Definitions:

Advantages

Advantages are beneficial aspects or competitive edges that a business or entity has over others in its field or market.

Disadvantages

The unfavorable conditions or attributes that lead to a decrease in effectiveness, efficiency, or benefit.

Trust Receipt

A notice provided by the bank to a buyer who has taken out a short-term loan to purchase goods, with the bank holding the title to those goods until the loan is repaid.