Suppose a mutual fund has a portfolio of stocks that have a market value of $3.25 billion

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Suppose a mutual fund has a portfolio of stocks that have a market value of $3.25 billion dollars, and the company has 120,000,000 shares of stock. What is the net asset value (in dollars) of a share of the mutual fund?

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Posted Date: Feb 13, 2023 11:50 PM

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Suppose a mutual fund has a portfolio of stocks that have a market value of $3.25 billion

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Step 1 Market value of mutual fund 3250000000 Total number o... View the full answer

Financial Institutions Management A Risk Management Approach

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