Last year you bought the Viking Mutual Fun, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding. a) What is the net asset value per share? b) If the current price is $18, is this a good deal? (Yes or No) Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. ✔ Submit

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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Last year you bought the Viking Mutual Fund,
which has total assets of $240 million,
liabilities of $10 million, and 15 million shares
outstanding.
a) What is the net asset value per share?
b) If the current price is $18, is this a good
deal? (Yes or No)
Round to the nearest cent. DO NOT INCLUDE
COMMAS OR $.
Submit
Transcribed Image Text:× Last year you bought the Viking Mutual Fund, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding. a) What is the net asset value per share? b) If the current price is $18, is this a good deal? (Yes or No) Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. Submit
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