Author Question: Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are ... (Read 73 times)

craiczarry · **on:** Jun 24, 2018

Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are 70,111,050 and its liabilities are 12,444,100, find the net asset value of the fund.
A) 5.09
B) 5.13
C) 5.36
D) 5.98

Question 2

Casey Walker borrowed 18,000 at 12 ordinary interest for 180 days. After 80 days, Casey made a partial payment of 10,000. What is the new maturity value of the loan? (Round to the nearest cent)