Calculate the Net Asset Value and Number of Shares Purchased

question 126

Short Answer

Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l } \text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \\\text { Assets } & \text { Liab. } & \text { Outstanding } & \text { Value (NAV) } & \text { Price } & \text { Investment } & \text { Purchased } \\\$ 60,000,000 & \$ 1,600,000 & 4,000,000 & & \$ 12.10 & \$ 5,000 &\end{array}$$

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Definitions:

Information Technology

The use of computers, networks, and other physical devices to store, process, and exchange data.

Outside Suppliers

External organizations or individuals that provide goods or services to a company, often part of the supply chain or procurement process.

Essential Core Functions

Fundamental activities or duties that are necessary for an organization or system to operate effectively and achieve its objectives.

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The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or outside of a company's core competencies.