Question

The Capitalist Mutual Fund's portfolio is valued at $45 million. The fund has liabilities of $3 million, and the investment company 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

Answer 1

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The best and most correct answer among the choices provided by the question is B. $26.25.       
    
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Answer 2

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) = $\frac{(45m-3m)}{1.6m}$

                                         NAV = $\frac{43,000,000}{1,600,000}$

                                                  = $26.25

The fund's net asset value is $26.25.