the market value of a share is Rs 15 crore. the company has divided it into 60 lakh units find the NAV of each unit if sarala invests Rs 12,000in the fund how many unit will she got
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Answer:
Sarala will get 480 units.
Step-by-step explanation:
It is given that the market value of a mutual fund is rs.15 crore.
The company has divided it into 60 lakh units. The NAV of each unit is
The NAV of each unit is rupees 25.
Sarala invests 12000. Let the number of units be x.
Therefore Sarala will get 480 units.
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