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The Capitalist Mutual Fund's Net Asset Value Is $25

Question 11

Multiple Choice

The Capitalist Mutual Fund's net asset value is $25.The fund has liabilities of $2.5 million and 1,500,000 shares have been issued.What is the value of the fund's portfolio?


A) $25 million
B) $40 million
C) $50 million
D) $37 million
E) $15 million

Correct Answer:

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