A total of $348.15 shares would sean be able to purchase.
Net Asset Value Per Share= NAV/Shares Outstanding
where: NAV=Assets−Liabilities
For total shares, Net Asset Value= Invested commision*Net Asset Value Per Share
Invested commision=$10,000,
Net asset value=100%-6%=94%=0.94,
Shares outstanding=$27
For total shares, Net Asset Value=$10,000 x (1-0.06)) / $27
=$348.15.
The net capital spending for the period will therefore be the change in fixed assets. Depreciation will also have to be accounted for because it reduces the value of fixed assets and so needs to be added back to the fixed assets to see the actual change in fixed assets.
Hence, For total shares, the Net Asset Value is $348.15 shares would sean be able to purchase.
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