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The Capitalist Mutual Fund's Net Asset Value Is $26

Question 120

Multiple Choice

The Capitalist Mutual Fund's net asset value is $26.25.The fund has liabilities of $3 million and 1,600,000 shares have been issued.What is the value of the fund's portfolio?


A) $42 million
B) $45 million
C) $50 million
D) $39 million
E) $36 million

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