Multiple Choice
The Capitalist Mutual Fund's portfolio is valued at $45 million.The fund has liabilities of $3 million,and the investment company sponsoring the fund has issued 1,600,000 shares.What is the fund's net asset value?
A) $100.00
B) $26.25
C) $52.50
D) $3.75
E) $1.00
Correct Answer:
Verified
Correct Answer:
Verified
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