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Tamiku [17]
3 years ago
9

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:
pantera1 [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) = ($45m - 3m)/ 1.6m shares

                                         NAV = \frac{42}{1.6}

                                                  = 26.25

The fund's net asset value is $26.25.

scZoUnD [109]3 years ago
4 0
The answer would be $26.25.

Solution
$45m - $3m = $42M

$42M divided by 1.6M = $26.25 per share
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