A mutual fund has a beginning balance of 100 million earns interest of – McqOptions

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1.	A mutual fund has a beginning balance of 100 million earns interest of 10 million, receives dividends of15 million, and has expenses of 5 million. If 10 million shares are outstanding, what is the NAV?
A.	10.50
B.	11.00
C.	12.00
D.	12.50
Answer» D.

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