The aqua liquid money market mutual fund has nav $1 per share. During the year asset held by the fund appreciated by 4%. If u have invested $30000 in this fund at the star of the year. Calculate number of share at the random the year. Calculate new NAV of the fund
The aqua liquid money market mutual fund has nav $1 per share. During the year asset held by the fund appreciated by 4%. If u have invested $30000 in this fund at the star of the year. Calculate number of share at the random the year. Calculate new NAV of the fund
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 7FPE
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