Multiple Choice
A mutual fund had year-end assets of $700,000,000 and liabilities of $7,000,000.There were 40,150,000 shares in the fund at year-end.What was the mutual fund's Net Asset Value?
A) $9.63
B) $57.71
C) $16.42
D) $17.87
E) $17.26
Correct Answer:
Verified
Correct Answer:
Verified
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