document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1042212>Question 1042212</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The information below applies to the day of investment in a mutual fund:\r<BR>\n" );
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document.write( "Amount<BR>\n" );
document.write( "Invested<BR>\n" );
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document.write( "Total Fund<BR>\n" );
document.write( "Assets<BR>\n" );
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document.write( "Total Fund<BR>\n" );
document.write( "Liabilities<BR>\n" );
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document.write( "Total Shares<BR>\n" );
document.write( "Outstanding<BR>\n" );
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document.write( "$3700	$761 million	$48 million	75 million<BR>\n" );
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document.write( "Find the net asset value and the number of shares purchased.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #657215 by </B><A HREF=/tutors/aboutme.mpl?userid=Aldorozos><B>Aldorozos(172)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Aldorozos><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=657215\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Here is to the best of my knowledge\r<BR>\n" );
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document.write( "We subtract the liability from the total assets to calculate net asset value<BR>\n" );
document.write( "761-48 = 713 mil.\r<BR>\n" );
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document.write( "We divide the net asset value to the total number of shares to see how much is the value of each share\r<BR>\n" );
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document.write( "713/75 = 9.507\r<BR>\n" );
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document.write( "Now that we are investing $3700, we have to see how many shares we can purchase \r<BR>\n" );
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document.write( "$3700/9.507 = 389 shares </SPAN>\n" );
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