Question 1. Question :
(TCOs 6 and 7) The Capitalist Mutual Fund's portfolio is valued at $48 million. The fund has liabilities of $4 million, and the investment company sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value?
$48.00
$30.00
$36.66
$27.50
$1
Question 2. Question :
(TCOs 6 and 7) A(n) _____ mutual fund is one in which investors pay a commission every time they purchase shares.
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23 Dec 2015