Suppose You Own a Mutual Fund Which Has 18,000,000 Shares

question 114

Short Answer

Suppose you own a mutual fund which has 18,000,000 shares outstanding. If its total assets are $46,000,000 and its liabilities are $12,000,000, find the net asset value of the fund. (Round to the nearest cent)

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically including product, price, place, and promotion.

Regulated Activities

Actions or operations that are controlled or governed by rules set by governmental or regulatory bodies.

Deceptive Pricing

A misleading pricing strategy where the true price of a product is not clearly displayed or hidden behind misleading information.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition, deceptive acts, and to regulate antitrust.