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Hatshy [7]
3 years ago
7

The investments in the Already Been Counted Fund have a current market value of $561 million. The fund also has liabilities that

total $45 million. If this mutual fund has 30 million shares, what is the net asset value per share?
Business
1 answer:
Rus_ich [418]3 years ago
8 0

Answer:

Net asset:                $

Investment             561

Total liabilities        <u>45</u>

Net asset                <u>516</u>

Net asset per share =  <u>$516 million</u>

                                         30 million

                                 =  $17.2 per share

Explanation:

Net asset is the difference between total investment and total liabilities. Net asset per share is the ratio of net asset to number of shares outstanding.                                                

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