Most mutual funds invest money in hundreds of stocks, bonds, short-term securities, or other securities and assets; then, shares of the funds themselves are sold to individual investors. To understand how the value of a mutual funds share is calculated based on the values of the assets it holds, consider the following simplified example of a mutual fund that owns shares of only four different stocks.

Stock Symbol	Current Market Price	Number of Shares	Total Value of Shares
MinT	$109.32	750	$81,990.00
IntRA	25.77	2,000	51,540.00
GMAR	74.81	1,600	119,696.00
MajTrk	39.21	800	31,368.00

You can see from the table that the market value of the funds assets is 1 . If the fund has $14,229.70 in liabilities and 2,000 shares outstanding, the net asset value (NAV) of a share in this mutual fund is 2 .

ANSWER OPTIONS

1:

$227,675.20

$313,053.40

$284,594.00

$256,134.60

2:

$162.22

$135.18

$124.37