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Lelu [443]
3 years ago
13

The Capitalist Mutual Fund's portfolio is valued at $45 million. The fund has liabilities of $3 million, and the investment comp

any sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value?
A. $100

B. $26.25

C. $52.50

D. $3.75
Mathematics
2 answers:
Scilla [17]3 years ago
5 0

Answer:

Option B. $26.25

Step-by-step explanation:

The capitalist Mutual Fund's portfolio is valued = $45 million

Liabilities = $3 million

sponsoring the fund has issued = 1,600,000 shares

Fund's Net Asset Value (NAV) = \frac{(45m-3m)}{1.6m}

                                         NAV = \frac{43,000,000}{1,600,000}

                                                  = $26.25

The fund's net asset value is $26.25.

Marta_Voda [28]3 years ago
3 0
Thank you for posting your question here at brainly. Feel free to ask more questions.  

The best and most correct answer among the choices provided by the question is <span>B. $26.25</span>.<span>       
    </span><span>
Hope my answer would be a great help for you.</span>
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