The World Income Appreciation Fund has current assets with a market value of $10

Question

The World Income Appreciation Fund has current assets with a market value of $10.1 billion and has 440 million shares outstanding. What is the net asset value (NAV) for this mutual fund? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

The World Income Appreciation Fund has current assets with a market value of $10.1 billion and has 440 million shares outstanding. What is the net asset value (NAV) for this mutual fund? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Explanation / Answer

Answer:

Net asset value mutual fund = total assets

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