Multiple Choice
The Sage Mutual Fund's portfolio is valued at $120 million.The fund has liabilities of $10 million, and the investment company sponsoring the fund has issued 5,000,000 shares.What is the fund's net asset value per share?
A) $2.00
B) $5.00
C) $12.00
D) $22.00
E) $24.00
Correct Answer:
Verified
Correct Answer:
Verified
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