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
2 answers:
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 = 
= 26.25
The fund's net asset value is $26.25.
The answer would be $26.25.
Solution
$45m - $3m = $42M
$42M divided by 1.6M = $26.25 per share
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