The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. Durin

Question

The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 1.8 percent. If you had invested $45,000 in this fund at the start of the year, how many shares would you own at the end of the year? What will the NAV of this fund be at the end of the year? (Omit the "$" sign in your response.)

The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 1.8 percent. If you had invested $45,000 in this fund at the start of the year, how many shares would you own at the end of the year? What will the NAV of this fund be at the end of the year? (Omit the "$" sign in your response.)

Explanation / Answer

net asset value=1*1.018=1.018 per share

final shares =45000 as rise in npv does not result in increase in shares

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