Suppose That the Current Value of All of a Mutual

Multiple Choice

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million.The fund's liabilities are $125 million and it grew at 20% from last year.It currently has 45 million shares outstanding.What is the fund's NAV?

A) $12.00 per share
B) $13.89 per share
C) $14.40 per share
D) $16.80 per share