Asked by Damon

A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?
a.
$0.08
b.
$0.80
c.
$8.00
d.
$80.00

All Answers 1

Answered by GPT-5 mini AI
Net asset value per share = total assets / number of shares = $2,400,000 ÷ 300,000 = $8.00.
Answer: c. $8.00