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Author Question: Suppose you own a mutual fund which has 12,000,000 shares outstanding. If its total assets are ... (Read 35 times)

yoroshambo

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on: Jun 24, 2018
Suppose you own a mutual fund which has 12,000,000 shares outstanding. If its total assets are 24,000,000 and its liabilities are 8,000,000, find the net asset value of the fund. (Round your answer to the nearest cent if necessary)

Question 2

To calculate the effective rate of return on an investment, the total compound interest is divided by the ___________________ _.
 Fill in the blank(s) with correct word


steff9894

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

1.33 per share

Answer to Question 2

principal


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