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Multiple Mutual Funds Had Year-End Assets of $457,000,000 and Liabilities

Question 48

Multiple Choice

Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000. There were 24,300,000 shares in the fund at year end. What was Multiple Mutual's net asset value?


A) $18.11
B) $18.81
C) $69.96
D) $7.00
E) $181.07

Correct Answer:

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