Answered: A mutual fund has assets of $50 million…

A mutual fund has assets of $50 million and liabilities of $150000 and 1 million shares outstanding.What Is the net asset value for the fund?Enter your answer to the nearest cent( two decimal places)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...

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A mutual fund has assets of $50 million and liabilities of $150000 and 1 million shares outstanding.What Is the net asset value for the fund?Enter your answer to the nearest cent( two decimal places)

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