For the investment, find (a) the net asset value and (b) the number of shares purchased. Amount Invested: $26,670 Total Fund Assets: $2.77 billion Total Fund Liabilities: $125 million Total Shares Outstanding: 264 million (a) The net asset value is $ . (Round to the nearest cent.)
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The NAV is calculated by subtracting the total liabilities from the total assets and then dividing by the total number of shares outstanding. The total assets of the fund are $2.77 billion and the total liabilities are $125 million. Show more…
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