Question
I came up with 4.80 per share for the question.
A mutual fund has total assets of $57,000,000 and liablities of $8,550,000. If $15,960,000 shares outstanding, what is the net asset value of the fund? Please check my answer.
A mutual fund has total assets of $57,000,000 and liablities of $8,550,000. If $15,960,000 shares outstanding, what is the net asset value of the fund? Please check my answer.
Answers
Steve
How did you arrive at this figure?
15.96M shares at $4.80 each is $76.608M
15.96M shares at $4.80 each is $76.608M