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Naddika [18.5K]
3 years ago
10

Calculate.

Mathematics
2 answers:
Vanyuwa [196]3 years ago
7 0

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

Molodets [167]3 years ago
5 0
$40,000,000÷4,000,000=$10
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