A mutual fund has $400 million worth of stock, $500,000 in cash, and $1 million in other assets. The fund's total liabilities amount to $3 million. There are 9 million shares outstanding. You invest...

A mutual fund has $400 million worth of<br>stock, $500,000 in cash, and $1 million in<br>other assets. The fund's total liabilities<br>amount to $3 million. There are 9 million<br>shares outstanding. You invest $12,000 in<br>this fund. How many shares are you<br>purchasing? (Round your answer down to the<br>nearest whole number.)<br>

Extracted text: A mutual fund has $400 million worth of stock, $500,000 in cash, and $1 million in other assets. The fund's total liabilities amount to $3 million. There are 9 million shares outstanding. You invest $12,000 in this fund. How many shares are you purchasing? (Round your answer down to the nearest whole number.)

Jun 10, 2022

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A mutual fund has $400 million worth of stock, $500,000 in cash, and $1 million in other assets. The fund's total liabilities amount to $3 million. There are 9 million shares outstanding. You invest...

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