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28 November, 07:50

The Capitalist Mutual Fund's portfolio is valued at $45 million. The fund has liabilities of $3 million, and the investment company sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value?

A. $100

B. $26.25

C. $52.50

D. $3.75

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Answers (1)
  1. 28 November, 07:58
    0
    The answer would be $26.25.

    Solution

    $45m - $3m = $42M

    $42M divided by 1.6M = $26.25 per share
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