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statuscvo [17]
4 years ago
13

A mutual fund has a market value of $40,000,000 and 4,000,000 outstanding shares. What is the value per share?

Mathematics
1 answer:
worty [1.4K]4 years ago
7 0

Answer:

Option B. $10.00

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{\text{Market value of the shares}}{\text{total number of shares}}

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

The value of per share is $10.00

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