Answered

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The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 1.4 percent. If you had invested $50,000 in this fund at the start of the year, how many shares would you own at the end of the year

Sagot :

Tundexi

Answer:

Missing word "Final shares=? Net asset value=?"

Final shares is computed as follows:

= (Amount invested / NAV per share) * (1 + Fund appreciation)

= ($50,000 / $ 1) * (1 + 0.014)

= $50,000 * 1.014

= $50,700

As know that this is a Money Market Mutual Fund, hence the Net asset value of this fund at the end of the year will be also $1.

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