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nadezda [96]
3 years ago
8

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?

a. $0.08 b. $0.80 c. $8.00 d. $80.00
Mathematics
2 answers:
Ket [755]3 years ago
5 0

Answer:

Net assest value of one share is $8 .

Option (c) is correct .

Step-by-step explanation:

As given

A mutual fund has total assets of 2.4 million dollars and 300,000 shares.

As 1 million = 1000000

Total assest value = $2.4 × 1000000

Thus

Net\ asset\ value\ of\ one\ share = \frac{2.4\times 1000000}{300000}

Put all the values in the above

Net\ asset\ value\ of\ one\ share = \frac{24\times 1000000}{300000\times 10}

Net\ asset\ value\ of\ one\ share = \frac{24}{3}

Net asset value of one share = $8 .

Therefore net assest value of one share is $8 .

Option (c) is correct .

andre [41]3 years ago
3 0
I believe the answer is c. $8. 00
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