Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,0000 and its liabilitiesare $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent.2$Need Help?Read ItWatch ItMaster It

NAV is the net asset value of a mutual fund company. it means it is the value of the mutual fund…

Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent.

Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent.

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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Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,0000 and its liabilities
are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent.
2$
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