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On October 12, 2022, the market va the fund were $2,080,000.

On October 12, 2022, the market va the fund were $2,080,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On October 12, 2022, the market value of the investments contained in the Campbell Strong International Fund, a mutual fund, was $20,800,000. Liabilities for the fund were $2,080,000. If the fund had 1,280,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent. SO X 5
Transcribed Image Text:On October 12, 2022, the market value of the investments contained in the Campbell Strong International Fund, a mutual fund, was $20,800,000. Liabilities for the fund were $2,080,000. If the fund had 1,280,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent. SO X 5
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