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A certain mutual fund has net assets of $1,359,600. One share of this fund has a net asset value of $11.33. How many shares make up the fund?
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A certain mutual fund has net assets of $1,359,600. One share of this fund has a net asset value of $11.33. How many shares make up the fund?

User Akash Deep
by
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2 Answers

6 votes

Answer:

B

Explanation:

User Tim Ogilvy
by
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2 votes
You would have to divide $1,359,600 by $11.33 which comes out to 120,000
So the answer is 120,000 shares
User Doc
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7.8k points
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