The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
-$$\begin{array} { l c c l }
\hline \begin{array} { l }
\text { Amount } \
\text { Invested }
\end{array} & \begin{array} { c }
\text { Total Fund } \
\text { Assets }
\end{array} & \begin{array} { l }
\text { Total Fund } \
\text { Liabilities }
\end{array} & \begin{array} { c }
\text { Total Shares } \
\text { Outstanding }
\end{array} \
\hline 3400 & \$ 785 \text { million } & \$ 40 \text { million } & 70 \text { million } \
\hline
\end{array}$$ Find the number of shares purchased.
A)319
B)351
C)303
D)49

Question

The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
-$$\begin{array} { l c c l } 
\hline \begin{array} { l } 
\text { Amount } \
\text { Invested }
\end{array} & \begin{array} { c } 
\text { Total Fund } \
\text { Assets }
\end{array} & \begin{array} { l } 
\text { Total Fund } \
\text { Liabilities }
\end{array} & \begin{array} { c } 
\text { Total Shares } \
\text { Outstanding }
\end{array} \
\hline 3400 & \$ 785 \text { million } & \$ 40 \text { million } & 70 \text { million } \
\hline
\end{array}$$ Find the number of shares purchased.
A)319
B)351
C)303
D)49

Quizplus · Accepted Answer

The Answer of The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
-$$\begin{array} { l c c l } 
\hline \begin{array} { l } 
\text { Amount } \
\text { Invested }
\end{array} & \begin{array} { c } 
\text { Total Fund } \
\text { Assets }
\end{array} & \begin{array} { l } 
\text { Total Fund } \
\text { Liabilities }
\end{array} & \begin{array} { c } 
\text { Total Shares } \
\text { Outstanding }
\end{array} \
\hline 3400 & \$ 785 \text { million } & \$ 40 \text { million } & 70 \text { million } \
\hline
\end{array}$$ Find the number of shares purchased.
A)319
B)351
C)303
D)49

The Given Information Applies to the Day of Investment in a Mutual