Asked by Anonymous
Please check my answer thanks :)
The net asset value of a mutual fund having total assets of $57,000,000 and liabilites of $8,550,00 There are $15,960,000 worth of outsatnding shares
my answer is the net value is $4.80 per share
The net asset value of a mutual fund having total assets of $57,000,000 and liabilites of $8,550,00 There are $15,960,000 worth of outsatnding shares
my answer is the net value is $4.80 per share
Answers
Answered by
Anonymous
How did you come to the answer $4.80 per share. I did it and come up with 3.035714286. Here's how i did it 57,000,000-8,550,000=$48,450,000/$15,960,000= 3.035714286