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50 000 shares in the fund year-end. What was the mutual funds nete ? A mutual fund had year-end assets of $560,000,000 and a
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Answer #1

Answer -

Given

Assets = $ 560000000
Liabilities = $ 26000000
Total number of shares = 23850000

Net Asset value = ( Assets - Liabilities) / Number of shares

Net Asset Value = ( $ 560000000 - $ 26000000 ) / 23850000

= $ 534000000 / 23850000

= $ 22.389

= $ 22.39

Therefore the mutual fund's Net Asset Value = $ 22.39

Hence Option B is correct.

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