Question: 1. The Western Capital Growth mutual fund has
- Total assets, $750,000,000
- Total liabilities, $7,200,000
- Total number of shares, 24,000,000
- What is the fund's net asset value (NAV)?
2. Jan Throng invested $31,000 in the Invesco Charter mutual fund. The fund charges a 5.50 percent commission when shares are purchased.
- Calculate the amount of commission Jan must pay.