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The assets under management of a mutual fund are $100 million, and its liabilities are $0.5 million. This mutual fund has 1 million shares outstanding.
The assets under management of a mutual fund are $100 million, and its liabilities are $0.5 million. This mutual fund has 1 million shares outstanding. If you have $1,000 to invest, what is the maximum number of shares you can purchase?
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