Answer:
Net assest value of one share is $8 .
Option (c) is correct .
Step-by-step explanation:
As given
A mutual fund has total assets of 2.4 million dollars and 300,000 shares.
As 1 million = 1000000
Total assest value = $2.4 × 1000000
Thus
[tex]Net\ asset\ value\ of\ one\ share = \frac{2.4\times 1000000}{300000}[/tex]
Put all the values in the above
[tex]Net\ asset\ value\ of\ one\ share = \frac{24\times 1000000}{300000\times 10}[/tex]
[tex]Net\ asset\ value\ of\ one\ share = \frac{24}{3}[/tex]
Net asset value of one share = $8 .
Therefore net assest value of one share is $8 .
Option (c) is correct .
