Compute the net asset value for a share of a mutual fund with the following characteristics: Market value of assets: Market value of liabilities: Number of shares outstanding: $177,000,000 $12,000,000 7,250,000

Compute the net asset value for a share of a mutual fund with the following characteristics: Market value of assets: Market value of liabilities: Number of shares outstanding: $177,000,000 $12,000,000 7,250,000

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

Compute the net asset value for a share of a mutual fund with the following characteristics:
Market value of assets:
Market value of liabilities:
Number of shares outstanding:
$26.07
$23.66
O $24.41
$22.76
25.04
$177,000,000
$12,000,000
7,250,000

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The market value of a mutual fund's assets divided by the number of fund shares outstanding is equal to the A. Load charge B. Net Asset Value (NAV) C. Expense Ratio D. 12b-1 fee
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