Multiple Choice
The Marginal Mutual Fund's portfolio is valued at $50 million.The fund has liabilities of $10 million, and the investment company sponsoring the fund has issued 2,000,000 shares.What is the fund's net asset value per share?
A) $4.00
B) $5.00
C) $20.00
D) $25.00
E) $1.50
Correct Answer:
Verified
Correct Answer:
Verified
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