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Consider a mutual fund with 100 shareholders who each invested $10 for a total of $1000. If the assets of the mutual fund are worth
Consider a mutual fund with 100 shareholders who each invested $10 for a total of $1000. If the assets of the mutual fund are worth $900, what is the net asset value for each one of the mutual fund shares?
A. $0.9 B. $9 C. $90 D. $10
please explain clearly
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