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Author Question: Suppose you own a mutual fund which has 18,000,000 shares outstanding. If its total assets are ... (Read 76 times)

cabate

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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


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jackie

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

1.89 per share

Answer to Question 2

B


cabate

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

dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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