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1. A mutual fund has $100 million in total assets, $20 million in liabilities, and 1 million shares outstanding. What would be the fund's NAV (net asset value)?

2. Find absolute change and then the percentage change: Two years ago, I earned $82,000. Last year I earned $40,000.

3. Draw the payoff and profit diagrams for a long call position.

Financial Management, Finance

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