This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you own a mutual fund which has 18,000,000 shares outstanding. If its total assets are ... (Read 35 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 24, 2018
Suppose you own a mutual fund which has 18,000,000 shares outstanding. If its total assets are 46,000,000 and its liabilities are 12,000,000, find the net asset value of the fund. (Round to the nearest cent)

Question 2

Manually calculate the compound interest on an investment of 8,500 at 6 interest, compounded semiannually, for 18 months.
 A) 783.54
  B) 788.18
  C) 8,759.35
  D) 8,788.18


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 24, 2018
Answer to Question 1

1.89 per share

Answer to Question 2

B


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Total hip prosthesis. Total hip prosthesis.
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Hank Wilkins invested $4200 in a mutual fund containing bonds. Hank Wilkins invested $4200 in a mutual fund containing bonds.
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library