Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l }
\text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \
\text { Assets } & \text { Liab. } & \text { Outstanding } & \underline { \text { Value(NAV) } } & \text { Price } & \underline { \text { Investment } } & \underline { \text { Purchased } } \
\$ 20,000,000 & \$ 800,000 & 1,500,000 & &NL &\$40,000 &
\end{array}$$

Question

Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l } 
\text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \
\text { Assets } & \text { Liab. } & \text { Outstanding } & \underline { \text { Value(NAV) } } & \text { Price } & \underline { \text { Investment } } & \underline { \text { Purchased } } \
\$ 20,000,000 & \$ 800,000 & 1,500,000 & &NL &\$40,000 &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the net asset value and number of shares purchased for the fund (round shares to thousandths): $$\begin{array} { l l l l l l l } 
\text { Total } & \text { Total } & \text { Shares } & \text { Net Asset } & \text { Offer } & \text { Total } & \text { Shares } \
\text { Assets } & \text { Liab. } & \text { Outstanding } & \underline { \text { Value(NAV) } } & \text { Price } & \underline { \text { Investment } } & \underline { \text { Purchased } } \
\$ 20,000,000 & \$ 800,000 & 1,500,000 & &NL &\$40,000 &
\end{array}$$

Calculate the Net Asset Value and Number of Shares Purchased