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1 April, 16:37

The investments in the Alamo Basics Contingency Fund have a current market value of $800 million. The fund also has liabilities that total $60 million. If this mutual fund has 20 million shares, what is the net asset value per share?

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  1. 1 April, 17:00
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    Answer: $37

    Explanation:

    Net asset = market value less liability = 800 - 60 = 740

    Net asset value per share = 740/20 = $37
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