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QUESTION 25 Atlas Fund had year-end assets of $459 million and liabilities of $21 million. If...

QUESTION 25

  1. Atlas Fund had year-end assets of $459 million and liabilities of $21 million. If the NAV was $28.25, how many shares were there?

    a. 15,504,425.

    b. 15,907,625.

    c. 16,001,225.

    d. 16,247,788.

QUESTION 26

  1. Most actively managed mutual funds, when compared to a market index:

    a. Beat the index return in all years.

    b. Beat the index return in most years.

    c. Exceed the return of the index.

    d. Do not generally outperform the index.
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Answer #1

25

NAV = (assets-liabilities)/shares

28.25=(459000000-21000000)/shares

shares = 15,504,425

Please ask remaining parts seperately, questions are unrelated
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