need help with this word problem. how do I calculate the net asset value per sha
ID: 2333089 • Letter: N
Question
need help with this word problem. how do I calculate the net asset value per share and round to the nearest cent ? when the mutual fund value on April was 32,500,000. and liabilities for the fund were 3,900,000.
if the fund had outstanding 1,290,000 shares
A ALEKS: Veronica G. Kam. CSecure https://www-awh.aleks.com/aleks Re omOzy9QVT e0BmgW62QCLMeqRRdZwdoZAytRnsp-J 1i Apps Google ALEKS Y Yahoo! Droid Life: A Motorm Ticketmaster P Pandora Radio -Lis Amazon.com Onlin Home -Android M YouTube-Broadca Download music, m The Verge HELP D WORKSHEET |NBOX REPORT OPTIONS IE ish, Veronica Kamae - MyPie RevieW Dictionary Gradebook Calendar Calculator Assignments Business Math Assessment Progress Question #15 On April 28, 2017, the market value of the investments contained in the Thompson Seward Bond Fund, a mutual fund, was $32,500,000. Liabilities for the fund were $3,900,000 If the fund had 1,290,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent. Clear Undo Help Next >> I don't know O Type here to searchExplanation / Answer
Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Market Value of investments or Assets 32,500,000.00 Liabilities (3,900,000.00) Net Assets Value 28,600,000.00 Net Asset Value per share, NAVPS = Net Assets / Number of Shares Outstanding Net Asset Value per share, NAVPS = 28,600,000/1,290,000 22.17
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