The Market Stability Fund owns the following stocks: Stock Shares Price A 8,790 $49 B 6,700...
The Market Stability Fund owns the following stocks:
| Stock | Shares | Price |
| A | 8,790 | $49 |
| B | 6,700 | $39 |
| C | 4,200 | $55 |
| The fund has no liabilities and has 57,600 shares outstanding. What is the NAV? | ||
Group of answer choices
$16.02
$15.95
$14.88
$14.72
$15.47
Homework Answers
The Correct Answer is $16.02.
NAV or Net Asset Value is the true worth of a fund.
NAV = (Value of Assets - Value of Liabilities) / Number of Shares outstanding
Value of Assets = Shares * Share price
= (8790 * $49 + 6700 * $39 + 4200 * $55)
= $430710 + $261300 + $231000
= $923010
Value of Liabilities = $0 (As the fund has no liabilities)
Number of Shares outstanding = 57,600
Therefore NAV or Net Asset Value of the fund will be
= ($923,010 - $0) / 57,600
= $16.02
Add Answer to:
The Market Stability Fund owns the following stocks:
Stock
Shares
Price
A
8,790
$49
B
6,700...
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