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A Mutual Fund Had Year-End Assets of $327,000,000 and Liabilities

Question 20

Multiple Choice

A mutual fund had year-end assets of $327,000,000 and liabilities of $46,000,000. If the fund NAV was $30.48, how many shares must have been held in the fund?


A) 11,354,751
B) 8,412,642
C) 10,165,476
D) 9,165,414
E) 9,219,160

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