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3 years ago

A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?

1 answer:

3 0

The correct answer for this question is this one: "c. $8.00 "A mutual fund has total assets of 2.4 million dollars and 300,000 shares. The net asset value of one share of the fund is $8.00Hope this helps answer your question and have a nice day ahead.
There exists the same question from other source with the following choices:
a. $0.08 
b. $0.80 
c. $8.00 
d. $80.00

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One year ago, you invested $1,800. Today it is worth $1,924.62. What annually compounded rate of interest did you earn?

mina [271]

Answer:

6.92%

Explanation:

The computation of the annually compounded rate of interest is presented below:

Future value = Invested amount × (1 + rate)^number of years

where,

Invested amount = $1,800

Rate = ?

Number of years = 1 year

The future value = $1,924.62

So, the rate is

$1,924.62 = $1,800 × (1 + rate)^1

After solving this, the rate is 6.92%

5 0

3 years ago

In addition to the two proposed framework for a new constitution what other plan might the delegates have considered

Mrrafil [7]

Hello there,
The delegate might consider the freedom of slaves and what rights they might have. *They couldn't issue their own money.

Hope this helps :))

~Top

4 0

3 years ago

f a tenant remains in possession of leased property after the expiration of the lease term, without paying rent and without the

icang [17]

A tenant remains in possession of the leased property after the expiration of the lease term, without paying rent and without the landlord's consent, the tenant's status is Holdover Tenancy

This is further explained below.

<h3>What is Holdover Tenancy?</h3>

Generally, A holdover tenant is a renter who continues to occupy a rental property after their original lease has expired but does not sign a new lease for the space.

In conclusion, Holdover tenancy refers to the situation in which a tenant continues to occupy a rented property after the original lease period has ended

despite the fact that the renter is not responsible for paying rent and does not have the permission of the landlord.

Read more about Holdover Tenancy

brainly.com/question/14366998

#SPJ1

5 0

2 years ago

When tax revenue is higher than government expenditures, the government incurs a:?

Ksju [112]

I guess the correct answer is budget surplus.

When tax revenue is higher than government expenditures, the government incurs a budget surplus.

6 0

3 years ago

Memphis Company's May sales budget calls for sales of $900,000. The store expects to begin May with $50,000 of inventory and to

gtnhenbr [62]

Answer:

Cost of merchandise purchase for May = $500,000

Explanation:

Provided information,

Sales for the month = $900,000

opening inventory = $50,000

Closing inventory = $55,000

Gross margin on sales = 45% of sales

Cost of goods sold = 100 - gross margin = 100 - 45% = 55%

Thus, cost of goods sold = $900,000 $\times$ 55% = $495,000

Therefore, purchase for the month = Cost of goods sold + Closing - Opening

= $495,000 + $55,000 - $50,000 = $500,000

8 0

3 years ago