Question
The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities of $6.6 million, and the investment company sponsoring the
The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities of $6.6 million, and the investment company sponsoring the fund has issued 5,300,000 shares. What is the fund's net asset value (NAV)? (Round your answer to 2 decimal places.)
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$21.29 NAV per share
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$26.49 NAV per share
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$34.36 NAV per share
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$24.00 NAV per share
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$18.83 NAV per share
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
12th Edition
0136096689, 978-0136096689
