The Given Information Applies to the Day of Investment in a Mutual

Multiple Choice

The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
- $$\begin{array} { l c c l } \hline \begin{array} { l } \text { Amount } \\\text { Invested }\end{array} & \begin{array} { c } \text { Total Fund } \\\text { Assets }\end{array} & \begin{array} { l } \text { Total Fund } \\\text { Liabilities }\end{array} & \begin{array} { c } \text { Total Shares } \\\text { Outstanding }\end{array} \\\hline 3400 & \$ 785 \text { million } & \$ 40 \text { million } & 70 \text { million } \\\hline\end{array}$$ Find the number of shares purchased.

A) 319
B) 351
C) 303
D) 49