armune7172 armune7172

11-12-2019
Business

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The investments in the Alamo Basics Contingency Fund have a current market value of $800 million. The fund also has liabilities that total $60 million. If this mutual fund has 20 million shares, what is the net asset value per share?

Respuesta :

innthomas00158 innthomas00158

11-12-2019

Answer: $37

Explanation:

Net asset = market value less liability = 800 -60 = 740

Net asset value per share = 740/20 = $37

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