1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tamiku [17]
3 years ago
9

The Capitalist Mutual Fund's portfolio is valued at $45 million. The fund has liabilities of $3 million, and the investment comp

any sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value?
A. $100

B. $26.25

C. $52.50

D. $3.75
Mathematics
2 answers:
pantera1 [17]3 years ago
5 0

Answer:

Option B. $26.25

Step-by-step explanation:

The capitalist Mutual Fund's portfolio is valued = $45 million

Liabilities = $3 million

sponsoring the fund has issued = 1,600,000 shares

Fund's Net Asset Value (NAV) = ($45m - 3m)/ 1.6m shares

                                         NAV = \frac{42}{1.6}

                                                  = 26.25

The fund's net asset value is $26.25.

scZoUnD [109]3 years ago
4 0
The answer would be $26.25.

Solution
$45m - $3m = $42M

$42M divided by 1.6M = $26.25 per share
You might be interested in
Janice Tax, an accountant for Flee Corp., earned $102,700 from January to June. In July she earned $8,000. Assuming a FICA tax r
faust18 [17]

The Federal Insurance Contributions Act (FICA) is made up of two items, Social Security and Medicare taxes. For 2016, the Social Security tax rate is 6.2% on the first $118,500 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000. Since the total earnings is only $110,700 which is not yet taxable. So there is no taxable earnings yet.

6 0
3 years ago
Ashley is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices.
Kay [80]

Answer:

Anything above 15 miles, so x>15

Step-by-step explanation:

When you solve this by using an equation, you would get 77=65+0.80m (0.80 m because slope is 0.80 and m is mileage you multiply by). You would subtract 64 from both sides, so 12=0.80m and then you divide 0.80 by 12 to get m by itself to get 15. 15 miles is when both companies cost the same, so anything above 15.

3 0
4 years ago
I NEED HELP SOON AS POSSIBLE! Will give brainlyest
Dimas [21]

Step-by-step explanation:

I think it is the last one.

4 0
3 years ago
Read 2 more answers
HELPPPP
lawyer [7]

Step-by-step explanation:

Perimeter is add all the sides together.

So 7.2+3.7+13

So P=23.9 inches

Hope this helps !!

Have a nice day :)

5 0
3 years ago
Read 2 more answers
You start driving south for 16 miles, turn left, and drive east for another 12 miles. At the end of driving, what is your straig
Shkiper50 [21]
The answer is 28 miles
x=12+16
5 0
3 years ago
Read 2 more answers
Other questions:
  • Convert 9 cubic centimeters to fluid ounces (to the nearest thousandth).
    13·2 answers
  • Find the 12th term of each sequence. a9= 120, a14=195
    9·1 answer
  • Mr. Brian class has 60 students one fourth of the students stay for tutoring on Monday if mr. Brian equally divides the students
    10·2 answers
  • Need help solving? Plz help me
    15·1 answer
  • Lucy has 18 pansies, 12 geraniums, and 6 marigolds. If she divides the flowers equally between 3 flowerpots. How many flowers wi
    5·2 answers
  • Which relation is a function? Question 3 options:
    14·2 answers
  • What is 209.215 rounded to the nearest hundredth
    9·1 answer
  • Finn has 7 bags of marbles. Each bag has 3 marbles.
    11·2 answers
  • 2. A small university is trying to monitor its electricity usage. For a random sample of
    6·1 answer
  • Elizabeth wants to use a sheet of fiberboard 27 inches long to create a skateboard ramp with a 17^{\circ}
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!