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A Mutual Fund Had Year-End Assets of $750,000,000 and Liabilities

question 9

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A mutual fund had year-end assets of $750,000,000 and liabilities of $7,500,000.There were 40,000,000 shares in the fund at year end.What was the mutual fund's net asset value?

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Definitions:

Sticky Ends

Short, single-stranded overhangs produced by the cutting action of certain restriction enzymes on DNA, which can readily form hydrogen bonds with complementary sticky ends.

Recombinant DNA

Any DNA molecule made by combining genes from different organisms.

Cosmid Cloning Vectors

A type of cloning vector used in molecular biology and genetic engineering to artificially build bacterial strains with large DNA fragments.

Bacterial Artificial Chromosomes

Engineered DNA molecules used in genetics and molecular biology research to clone large DNA fragments from an organism's genome.

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