A mutual fund has a beginning balance of $100 million,earns interest of $10 million,receives dividends of $15 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

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The Answer of A mutual fund has a beginning balance of $100 million,earns interest of $10 million,receives dividends of $15 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

A Mutual Fund Has a Beginning Balance of $100 Million,earns