Answer:
Option B. $10.00
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{\text{Market value of the shares}}{\text{total number of shares}}[/tex]
[tex]\frac{40,000,000}{4,000,000}[/tex] = $10/share
The value of per share is $10.00
