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Multiple Mutual Funds Had Year-End Assets of $457,000,000 and Liabilities

Question 5

Multiple Choice

Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000.There were 24,300,000 shares in the fund at year-end.What was Multiple Mutual's Net Asset Value?


A) $18.11
B) $18.81
C) $69.96
D) $7.00
E) $181.07

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