Question

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?

Answer 1

Answer:

Net asset:                $

Investment             561

Total liabilities        45

Net asset                516

Net asset per share =  $516 million

                                         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.