contestada

The investments in the Already Been Counted Fund have a current market value of $600 million. The fund also has liabilities that total $40 million. If this mutual fund has 25 million shares, what is the net asset value per share?

Respuesta :

Answer:

asset value per share = $ 22.4

Explanation:

given data

current market value = $600 million

liabilities total =  $40 million

mutual fund = 25 million

to find out

what is the net asset value per share

solution

first we get here net assets value that is express as

net assets value = current market value - liabilities

net assets value = $600 - $40

net assets value = $560

so net asset value per share will be here as

asset value per share = [tex]\frac{net\ assets\ value}{mutual\ fund}[/tex]

asset value per share = [tex]\frac{560 }{25}[/tex]

asset value per share = $ 22.4

Otras preguntas