Multiple Choice
The Capitalist Mutual Fund's portfolio is valued at $40 million.The fund has liabilities of $2 million,and the investment company sponsoring the fund has issued 1,250,000 shares.What is the fund's net asset value?
A) $200.00
B) $30.40
C) $20.00
D) $12.50
E) $1.00
Correct Answer:
Verified
Correct Answer:
Verified
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