Calculate the Net Asset Value and Number of Shares Purchased

question 78

Short Answer

Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l } \text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \\\text { Assets } & \underline { \text { Liab. } } & \underline { \text { Outstanding } } & \underline { \text { Value(NAV) } } & \text { Price } & \underline { \text { Investment } } & \underline { \text { Purchased } } \\\$ 46,000,000 & \$ 1,200,000 & 6,200,000 & & \$ 8.15 & \$ 2,000 &\end{array}$$

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Definitions:

Coelom

A fluid-filled body cavity found in most multicellular animals that is lined by tissue derived from mesoderm.

Flatworms

A group of invertebrates known for their flattened bodies, belonging to the phylum Platyhelminthes.

Milkfish

A tropical marine fish important as food in Southeast Asia, known scientifically as Chanos chanos, often farmed in brackish water ponds.

Protostomes

A group of animals in which the mouth develops before the anus during early embryonic development.