Calculate the Net Asset Value per share of the Canadian Equity ABC mutual fund, given the following information on the current market value: Total assets $445,000,000 Total liabilities $19,500,000 Total number of shares outstanding 17,400,000 A $24.45 $20.00 $19.82 D $18.10 E $26.40

Calculate the Net Asset Value per share of the Canadian Equity ABC mutual fund, given the following information on the current market value: Total assets $445,000,000 Total liabilities $19,500,000 Total number of shares outstanding 17,400,000 A $24.45 $20.00 $19.82 D $18.10 E $26.40

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Calculate the Net Asset Value per share of the Canadian Equity ABC mutual fund, given the following information on the current market value:
Total assets
$445,000,000
Total liabilities
$19,500,000
Total number of shares outstanding
17,400,000
A
$24.45
В
$20.00
$19.82
D
$18.10
E
$26.40

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