Question
The Domestic Growth Fund has current assets with a market value of $4.5 billion, $348,000 in liabilities, and 275 million shares outstanding. What is the
The Domestic Growth Fund has current assets with a market value of $4.5 billion, $348,000 in liabilities, and 275 million shares outstanding. What is the net asset value (NAV) for this mutual fund?
A) $16.36
B) $20.00
C) $14.54
D) $17.78
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
