The mutual fund's Net Asset Value was $223.90
<h2>What Is Mutual Fund NAV?</h2>
The market value per share of a mutual fund is represented by its net asset value (NAV). It is the price at which investors purchase fund shares from a fund company (bid price) and sell them to a fund company (redemption price).
The total worth of all the cash and securities in a fund's portfolio, less any liabilities, is divided by the number of outstanding shares to arrive at the fund's NAV.
The mutual fund's Net Asset Value is given as:
= ($560,000,000-$26,000,000)/23,850,000
=$534,000,000/23,850,000
= $223.8993710691823
Rounding off to 2-decimal places we get:
=$223.90
Hence, the mutual fund's Net Asset Value was $223.90
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