First State Bank had $8.75 in assets per dollar of equity capital and was able to convert a dollar of equity into 15 cents of net income. It also had a asset utilization ratio of 7.50% . What was First State's profit margin?

Select one:

a.

22.86 percent

b.

15.26 percent

c.

18.38 percent

d.

36.49 percent

e.

7.06 percent

Super Tech, an open-end mutual fund, currently owns 3,000 shares of Micron Technology, 1,000 shares of Cognizant Technology, and 2,000 shares of Uber Technologies. The three stocks are priced at $86.03, $81.82, and $35.74, respectively. The fund itself has 10,000 of its own shares outstanding. What is the NAV per share of Super Tech?

Select one:

a.

$48.69

b.

$41.14

c.

$53.71

d.

$37.80

e.

$46.25