Homework Answers
Solution :
The formula for calculating the Net Asset Value per share of a mutual fund is
= ( Total Assets – Total Liabilities ) / Total number of shares
As per the information given in the question we have
Total Assets = $ 844,500,000 ; Total Liabilities = $ 24,100,000
Total number of shares = 40,000,000
Applying the above information in the formula we have Net Asset Value per share as
= ( $ 844,500,000 - $ 24,100,000 ) / 40,000,000
= $ 820,400,000 / 40,000,000
= $ 20.51
Thus the Net Asset value per share = $ 20.51
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