Suppose a mutual fund has a portfolio of stocks that have a market value of $14.25 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund? Round to the nearest cent. Disregard the fees that may be charged by the company.
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The market value of the stocks is $14.25 billion, which is equal to $14,250,000,000. Show more…
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