Solved

A Mutual Fund's Holdings Are Determined to Be $1,500,000,000 with $250,000,000

Question 49

Multiple Choice

A mutual fund's holdings are determined to be $1,500,000,000 with $250,000,000 in liabilities and 100,000,000 shares outstanding.What is the funds' NAV?


A) $125.00
B) $15.00
C) $12.50
D) $150.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: An aggressive growth fund is an appropriate

Q45: The _ is the value of the

Q46: What provides a measure of the level

Q47: When you own shares of a mutual

Q48: Sixty-five percent of Sally's mutual funds are

Q50: An ETF provides similar services to an

Q51: Hedge fund managers charge very high fees,generally

Q52: Mutual funds charge high sales loads because

Q53: When selecting a mutual fund,since past performance

Q54: Prepare a case for investing in a