Multiple Choice
A mutual fund had year-end assets of $750,000,000 and liabilities of $7,500,000. There were 40,000,000 shares in the fund at year end. What was the mutual fund's net asset value?
A) $9.63
B) $18.56
C) $16.42
D) $17.87
E) $17.26
Correct Answer:
Verified
Correct Answer:
Verified
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