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The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the
The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. Amount Invested Total Fund Assets Total Fund Liabilities Total Shares Outstanding $2200 $593 million $50 million 50 million What is the net asset value? (Round to the nearest cent.) How many shares were purchased? (Round to the nearest whole number.)
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