In the context of open$-$end mutual funds, the net asset value per share $($NAVPS$)$ is computed by

dividing the total value of the fund's cash, securities$,$ and other assets by the value of the coupon rate and the firm's liabilities

dividing the capital gains by the number of fund shares outstanding

dividing the accumulated value of the fund's assets by the current yield

dividing the total value of the fund's cash, securities$,$ and other assets by the number of fund shares outstanding