[Answered] A mutual fund has total assets of 60,500,005 and liabilities of 7,987,654. If there are 10,123,456 ...

This topic contains a solution. Click here to go to the answer

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 62 times)

Anajune7

Hero Member
Posts: 574

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?

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

mcomstock09

Sr. Member
Posts: 377

Reply #1 on: Jun 24, 2018

Answer to Question 1

C

Answer to Question 2

3,000

Anajune7

Hero Member
Posts: 574

Reply #2 on: Jun 24, 2018

Thank you

mcomstock09

Sr. Member
Posts: 377

Reply #3 on: Jun 24, 2018

No problemo

« previous next »

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Generally, the total tax burden in the United States is much lower than that of other industrialize

Total body water (TBW)

Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...

Desired Fertility versus Total Fertility Rate in Developing Countries

Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...

Mutual Protection

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 62 times)

Related Topics

Need homework help now?