A no-load mutual fund specializing in health care stocks has a portfolio of stocks with a market value of $11.6 billion and 750 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund if the expense fee is 0.26%? Round to the nearest cent.
A no-load mutual fund specializing in health care stocks has a portfolio of stocks with a market value of $11.6 billion and 750 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund if the expense fee is 0.26%? Round to the nearest cent.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A no-load mutual fund specializing in health care stocks has a portfolio of stocks with a market value of $11.6 billion and 750 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund if the expense fee is 0.26%? Round to the nearest cent.
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