Question

The investments in the Already Been Counted Fund have a current market value of $561 million. The fund also has liabilities that total $45 million. If this mutual fund has 30 million shares, what is the net asset value per share?

Answer 1

Net asset: $

Investment 561

Total liabilities 45

Net asset 516

Net asset per share = $516 million

30 million

= $17.2 per share

Step-by-step explanation:

Net asset is the difference between total investment and total liabilities. Net asset per share is the ratio of net asset to number of shares outstanding.