Question

Calculate.

Answer 1

Answer:

$10.00 per share

Step-by-step explanation:

Market value of a mutual fund = $40,000,000

Total outstanding shares = 4,000,000

To find out per share value we use this formula :

$\frac{Market value of the shares}{total number of shares}$

= $\frac{40,000,000}{4,000,000}$ = $10

The value of per share is $10.00

$10.00 per share

Answer 2

$40,000,000÷4,000,000=$10