Answer:
The correct answer is $7.94.
Explanation:
According to the scenario, the computation of the given data are as follows:
Total value of shares = ( 320,000 × $40 ) + ( 420,000 × $45) + (520,000 × $10) + 720,000 × $15)
= $12,800,000 + $18,900,000 + $5,200,000 + $10,800,000
= $47,700,000
So we can calculate the net asset value by using following method:
Net asset value = (Total value - Expenses ) ÷ Shares Outstanding
By putting the value, we get
= ( $ 47,700,000 - $ 40,000) ÷ $6,000,000
= $7.94
