Multiple Choice
A mutual fund with $5.4 million in assets has 250,000 shares outstanding. If the fund has liabilities of $420,000, what is the NAV of the fund?
A) $19.92
B) $20.16
C) $20.84
D) $21.34
E) $21.60
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: Why did income trusts become less popular
Q17: Expenses charged by mutual funds to cover
Q18: Which of the following is false regarding
Q19: You purchase a closed-end fund at its
Q20: A(n) _ fund invests in stocks around
Q22: You are in the 32 percent tax
Q23: What is the "high water mark" for
Q24: Which of the following is not a
Q25: A(n) _ is a fee charged on
Q26: Which of the following fees and expenses