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:

Conversational Analysis

The study of the ways in which people produce and interpret conversation in natural settings, emphasizing the patterns and structures of talk.

Contexts

Contexts refer to the circumstances or backgrounds that form the setting for events, statements, or ideas, and in terms of which they can be fully understood and assessed.

Ethnomethodological

Relating to ethnomethodology, a sociological perspective focusing on the ways in which social order is produced in and through everyday interactions.

Conversational Analysis

A methodology in sociolinguistics that studies the structure and function of conversation in human communication.