Question
A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives dividends of $15 million, and has expenses of $5
A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives dividends of $15 million, and has expenses of $5 million. If 10 million shares are outstanding, what is the NAV?
| $10.50 |
| $11.00 |
| $12.00 |
| $12.50
|
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
