Multiple Choice
The Capitalist Mutual Fund's portfolio is valued at $55 million.The fund has liabilities of $4 million, and the investment company sponsoring the fund has issued 2,400,000 shares.What is the fund's net asset value?
A) $100
B) $21.25
C) $22.91
D) $24.58
E) $1
Correct Answer:
Verified
Correct Answer:
Verified
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