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Math  /  Numbers & Operations

QuestionA certain mutual fund has net assets of $1,359,600\$ 1,359,600. One share of this fund has a net asset value of $11.33\$ 11.33. How many shares make up the fund? a. 833 b. 120,000 c. 1,359,6001,359,600 d. 15,404,26815,404,268
Please select the best answer from the choices provided

Studdy Solution
Calculate the value:
N=1,359,60011.33≈120,000N = \frac{1,359,600}{11.33} \approx 120,000
The best answer from the choices provided is:
120,000\boxed{120,000}

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