Net asset value (NAV) is the total value of all the assets in the mutual fund minus

Question:

Net asset value (NAV) is the total value of all the assets in the mutual fund minus costs, divided by the number of shares outstanding. What is the NAV of the mutual fund with assets totaling $150 million and 3,750,000 shares outstanding?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

Question Posted: