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The world income appreciation fund has current assets with a market value of $7.7 billion and has 270 million shares outstanding. what is the net asset value (nav) for this mutual fund?

Respuesta :

The net asset value (nav) for this mutual fund will be $7,700,000,000/270,000,000 = $28.518

What are Mutual Funds?

  • A mutual fund is an investment vehicle that is professionally managed and collects money from several investors to buy securities.
  • The phrase is commonly used in the US, Canada, and India, although other countries with comparable institutions include the UK's open-ended investment company (OEIC) and Europe's SICAV.
  • The primary investments of mutual funds are frequently categorized as money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds.
  • The three main types of mutual funds are unit investment trusts, closed-end funds, and open-end funds.

To learn more about Mutual funds, refer to:

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