Suppose You Own a Mutual Fund Which Has 12,000,000 Shares

question 14

Short Answer

Suppose you own a mutual fund which has 12,000,000 shares outstanding. If its total assets are $24,000,000 and its liabilities are $8,000,000, find the net asset value of the fund. (Round your answer to the nearest cent if necessary)

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Definitions:

Family Therapy

A form of psychotherapy that aims to address psychological problems by focusing on family dynamics and relationships.

Family Therapy

A form of psychotherapy that aims to address psychological problems by focusing on the dynamics of family relationships and interactions.

Validation

The acknowledgment and acceptance of another person's feelings, thoughts, experiences, as being valid and understandable.

Detriangulation

Detriangulation involves the process of removing or resolving triangles in family systems theory, where a third party is recruited to reduce anxiety between two individuals.