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QUESTION 11 One of the mutual funds offered by Blackrock, iShares S&P Mid Cap fund, has $47 million of total assets, and $2.3 million of

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QUESTION 11 One of the mutual funds offered by Blackrock, iShares S&P Mid Cap fund, has $47 million of total assets, and $2.3 million of total liabilities. If the number of shares outstanding for this mutual fund is 17 million, what is the fund's Net Asset Value? O A $2.987 B. 53.471 C. $2.629 OD. $3.335 QUESTION 12 Which of the following is a feature of index funds? A. They have lower fees B. They select and hold stocks to match the performance of a stock Index. OCThey do not require managers to select stocks and decide when to buy and sell. D. All of the above

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