The Western Capital Growth mutual fund has
Total
assets, $750,000,000
Total
liabilities, 7,200,000
Total
number of shares, 24,000,000
What
is the fund’s net asset value (NAV)? (Obj. 1)
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Total
assets, $750,000,000
Total
liabilities, 7,200,000
Total
number of shares, 24,000,000
What
is the fund’s net asset value (NAV)? (Obj. 1)
The net asset value per share is equal to
the current market value of the mutual fund’s portfolio minus the mutual fund’s
liabilities divided by the number of shares outstanding.
the current market value of the mutual fund’s portfolio minus the mutual fund’s
liabilities divided by the number of shares outstanding.
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