Answer:
$10.00 per share
Step-by-step explanation:
Market value of a mutual fund = $40,000,000
Total outstanding shares = 4,000,000
To find out per share value we use this formula :
[tex]\frac{Market value of the shares}{total number of shares}[/tex]
= [tex]\frac{40,000,000}{4,000,000}[/tex] = $10
The value of per share is $10.00
$10.00 per share
