Question
Calculate the NAV for a mutual fund with the followingvalues: Market value of securities held in the portfolio= $1.2 billion Liabilities of the fund= $37
Calculate the NAV for a mutual fund with the followingvalues:
Market value of securities held in the portfolio= $1.2 billion
Liabilities of the fund= $37 million
Shares outstanding = 60 million
The NAV per share is $____. (Round to the nearestcent.)
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
