Calculate the Net Asset Value and Number of Shares Purchased

question 66

Short Answer

Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l } \text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \\\text { Assets } & \text { Liab. } & \text { Outstanding } & \underline { \text { Value(NAV) } } & \text { Price } & \underline { \text { Investment } } & \underline { \text { Purchased } } \\\$ 20,000,000 & \$ 800,000 & 1,500,000 & &NL &\$40,000 &\end{array}$$

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Definitions:

Cultural Heritage

The traditions, values, and artifacts that are passed down through generations within a culture.

Deinstitutionalization

The process of reducing or eliminating long-term psychiatric care facilities, moving patients to community-based treatments.

Deinstitutionalization

The process of reducing reliance on large, centralized institutions, such as psychiatric hospitals, for the care of individuals with mental illness, favoring community-based services instead.

Community-Based Facilities

Local establishments designed to provide services or support to community members, often focusing on health, education, or social services.