Question: Consider a mutual fund with $ 2 1 4 million in assets at the start of the year and with 1 0 million shares outstanding.
Consider a mutual fund with $ million in assets at the start of the year and with million shares outstanding. The fund invests in a portfolio of stocks that provides dlvidend income at the end of the year of $ million. The stocks included in the fund's portfolio increase in price by but no securities are sold, and there are no capital gains distributions. The fund charges fees of which are deducted from portfolio assets at yearend.
Required:
a What is the net asset value at the start and end of the year? Enter your answers in dollars rounded to decimal places.
table Answer is not complete.tableAssetalueStart of the year,$Per shareEnd of the year,,,Per share
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