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?
2 answers:
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
Put all the values in the above
Net asset value of one share = $8 .
Therefore net assest value of one share is $8 .
Option (c) is correct .
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