Question

Calculate.

A mutual fund has a market value of $40,000,000 and 4,000,000 outstanding shares. What is the value per share?

$____ per share

Answer 1

$40,000,000÷4,000,000=$10

Answer 2

$10.00 per share

Explanation:

Market value of a mutual fund = $40,000,000

Total outstanding shares = 4,000,000

To find out per share value we use this formula :

`(Market value of the shares)/(total number of shares)`

=
`(40,000,000)/(4,000,000)` = $10

The value of per share is $10.00

$10.00 per share