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 70 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
Wow, this really help

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Total body water (TBW) Total body water (TBW)
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Alzheimer's Disease

For a complete list of videos, visit our video library