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Kunal knows that the Net Asset Value of a mutual fund is calculated daily at the end of the day once the stock exchange closes.

Kunal knows that the Net Asset Value of a mutual fund is calculated daily at the end of the day once the stock exchange closes. The Net Asset Value Per Share (NAVPS) changes daily since the value of assets and liabilities changes every day as the number of outstanding shares also changes constantly when investors redeem their shares, or new investors buy new shares. Kunal wants you to calculate the NAVPS in Invincible Inc. mutual fund based on the current market value data below:
Total liabilities: $22,900,000
Total assets: $395,050,000
Total number of shares outstanding: 29,550,000

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