A mutual fund has total assets of $25,000,000 and total liabilities of $100,000. There are 5,000,000 shares outstanding. Find the net asset value of the mutual fund to the nearest cent, if necessary.

a.  $4.98
b.  $50.00
c.  $6.02
d.  $0.02
e.  $4.00


a.  $4.98

Mathematics

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