Question

Q4 & Q5

7.74% 15.20% QUESTION 4 A mutual fund has investments with assets totaling $12,742,000, liabilities of $3,450,000, and 900,000 shares outstanding. What is the NAV? $10.32 $9.75 $10.75 $12 QUESTIONS A mutual fund has investments with closing prices totaling $43,580,000, liabilities of $1,300,000, and 2,100,000 shares outstanding. What is the NAV? $20.13 $24.00 $18.25 $21.50 SASA Chile Save and subunit to and submit Click Save All Arowane

Answer 1

Solution: 1
	CALCULATION OF NET ASSET VALUE (NAV)
	NAV =	( Total Assets	"-"	Total Liabilities	) /	Total Shares Outstanding
	NAV =	$            12,742,000	"-"	$                 3,450,000	) /	900,000
	NAV =	$              9,292,000	/	900,000
	NAV =	$                       10.32
Answer = Option 1 = $ 10.32
Solution: 2
	CALCULATION OF NET ASSET VALUE (NAV)
	NAV =	( Closing prices Totaling	"-"	Total Liabilities	) /	Total Shares Outstanding
	NAV =	$            43,580,000	"-"	$                 1,300,000	) /	2,100,000
	NAV =	$            42,280,000	/	2,100,000
	NAV =	$                       20.13
Answer = Option 1 = $ 20.13