On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a mutual fund, was $28,000,000. Liabilities for the fund were $2,800,000. If the fund had 1,340,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.

On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a mutual fund, was $28,000,000. Liabilities for the fund were $2,800,000. If the fund had 1,340,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.

Essentials of Business Analytics (MindTap Course List)

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Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a mutual fund, was $28,000,000. Liabilities for
the fund were $2,800,000.
If the fund had 1,340,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.

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