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:

Civil Rights

The rights of citizens to political and social freedom and equality.

Welfare

Governmental provision of economic assistance and social services to individuals and families in need.

Government Regulation

Regulations enforced by the government to control the way businesses and industries can operate, often to protect public health, safety, and welfare.

Fertility Rate

The average number of children born to a woman over her lifetime in a given population.