Answered: A mutual fund has total assets of…

A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 shares outstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...

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Question

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A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 shares
outstanding, what is the net asset value of the fund?

$3.02

$3.85

$2.83

$2.16

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