Chapter 13.5, Problem 44E

(a)

To determine

To calculate: The net asset value if the amount invested is $1,800, total fund asset is $643 million, total fund liability is $102 million and the outstanding shares are 50 million.

(b)

To determine

To calculate: The number of shares purchased if the amount invested is $1,800, total fund asset is $643 million, total fund liability is $102 million and the outstanding shares are 50 million.