Question
Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $2.9 billion
Calculate the net asset value (NAV) for a mutual fund with the following values:
Market value of securities held in the portfolio = $2.9 billion
Liabilities of the fund = $93 million
Shares outstanding = 150 million
The net asset value (NAV) per share is $? (Round to the nearest cent.)
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
