5
InstructionMultiple Choice

Mutual Funds

Question 5 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

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?

Answer
A
$0.08
B
$0.80
C
$8.00
D
$80.00

Explanation

Net asset value per share is the fund’s total assets divided by the number of shares. Divide $2,400,000 by 300,000 shares to get $8.00 per share. Therefore, the correct choice is $8.00.

AI-written and checked against the verified answer.

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