Question
An open-end mutual fund had year-end assets of $279,000,000 and liabilities of $43,000,000. If the funds NAV was $42.13, how many shares must have been
An open-end mutual fund had year-end assets of $279,000,000 and liabilities of $43,000,000. If the funds NAV was $42.13, how many shares must have been held in the fund?
a. 43,000,000
b. 6,488372
c. 5,601,709
d. 1,182,203
e. None of the above
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Commodity Market Trading And Investment
Authors: Tom James
1st Edition
1137432802, 978-1137432803
