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Author Question: A mutual fund has total assets of 60,500,005 and liabilities of 7,987,654. If there are 10,123,456 ... (Read 63 times)

Anajune7

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on: Jun 24, 2018
A mutual fund has total assets of 60,500,005 and liabilities of 7,987,654. If there are 10,123,456 shares outstanding, what is the net asset value of the fund?
 A) 4.60
  B) 5.70
  C) 5.19
  D) 5.00

Question 2

Kevin Mills borrowed money to purchase a car at 14.4 ordinary interest for a time period from March 1 to August 18. The amount of interest on this loan was 204. How much did Kevin borrow?


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mcomstock09

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

3,000


Anajune7

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Reply #2 on: Jun 24, 2018
Thank you


mcomstock09

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Reply #3 on: Jun 24, 2018
No problemo


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