Question
You are the fund manager of a XYZ Fund Limited. The fund has a cash of GH 2.3 million and financial securities of GH 21.9
You are the fund manager of a XYZ Fund Limited. The fund has a cash of GH 2.3 million and financial securities of GH 21.9 million. Liabilities are GH 16.9 million. Total issued shares outstanding are 12.7 million. Compute the net asset value of the mutual fund b) Generally, the price of a share of a mutual fund is its net asset value per share. Compute the net asset value per share. c) If the fund sells 500,000 more shares at the price you calculated in (b). How much extra cash was raised from the sale of the additional shares? d) Using the information in (c), calculate the new net asset value per share.
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