Multiple Choice
The New American Enterprise Mutual Fund's portfolio is valued at $120 million.The fund has liabilities of $4 million,and the investment company sponsoring the fund has issued 5,800,000 shares.What is the fund's net asset value?
A) $120
B) $58
C) $40
D) $30
E) $20
Correct Answer:
Verified
Correct Answer:
Verified
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