QUESTION 18 MNO fund has 1 million shares outstanding. The fund has a NAV of $25/share and $30 million in assets. Find the value of MNO's liabilities. Round intermediate steps to four decimals. O 5,000,000 O 55,000,000 O 7.000.000 O 8,000,000 QUESTION 19 Passively managed funds are designed to mirror the performance of a particular benchmark. O True O False QUESTION 20 Performance fees based on profits earned by the fund are typical of O hedge funds. O ETFs. O closed-end investment companies. O open-end investment companies. 5 points 5 points 5 points Save Answer Save Answer Save