Suppose That the Current Value of All of a Mutual

question 70

Multiple Choice

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million.The fund's liabilities are $125 million and it grew at 20% from last year.It currently has 45 million shares outstanding.What is the fund's NAV?

• A)$12.00 per share
• B)$13.89 per share
• C)$14.40 per share
• D)$16.80 per share

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Definitions:

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Infections caused by bacteria, which can affect almost any area of the human body.

Connective Tissue

A type of tissue found throughout the body, providing support, binding together, and protecting organs and other tissues.

Lymphocyte

A type of white blood cell that plays a significant role in the immune response by recognizing and fighting infection and disease.

White Blood Cell

Cells of the immune system involved in defending the body against both infectious disease and foreign materials.