Suppose you own a mutual fund which has 12,000,000 shares outstanding. If its total assets are $24,000,000 and its liabilities are $8,000,000, find the net asset value of the fund. (Round your answer to the nearest cent if necessary)

Question

Quizplus · Accepted Answer

The Answer of Suppose you own a mutual fund which has 12,000,000 shares outstanding. If its total assets are $24,000,000 and its liabilities are $8,000,000, find the net asset value of the fund. (Round your answer to the nearest cent if necessary)

Suppose You Own a Mutual Fund Which Has 12,000,000 Shares