alleryStart learning →A fund has NAV of $300 million and 2 million units. How many units does a $30 million investment buy at NAV?
A200,000
B100,000
C20,000
D300,000
Answer & Solution
Correct answer: A. 200,000
NAV per unit is 150, so 30 million divided by 150 gives 200,000 units.
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