IIA
IIA-CFSA · Question #489
If a mutual fund has an NAV of $100 million, and investors own $10,000,000 of fund's shares, the funds per share value will be:
The correct answer is C. $10. See the full explanation below for the reasoning.
Question
If a mutual fund has an NAV of $100 million, and investors own $10,000,000 of fund’s shares, the funds per share value will be:
Options
- A$100
- B$1
- C$10
- DNone of these
How the community answered
(32 responses)- A3% (1)
- B13% (4)
- C81% (26)
- D3% (1)
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