If a mutual fund has net assets of $294,000 and 16,800 shares, then each share has a net asset value of $17.50

Question

If a mutual fund has net assets of $294,000 and 16,800 shares, then each share has a net asset value of $17.50.

GPT-5 mini · Answer

Correct. NAV per share = Net assets ÷ Number of shares = $294,000 ÷ 16,800 = $17.50 per share.

If a mutual fund has net assets of $294,000 and 16,800 shares, then each share has a net asset value of $17.50.