Assume that a no-load open-end mutual fund holds securities with a total market value of $12 million, has no liability, and has 500,000 shares outstanding. The net asset value par share of this fund is

Question

Quizplus · Accepted Answer

The net asset value par share is calculated by dividing the total market value of securities by the number of outstanding shares. 
So, Net Asset Value per share = $12 million / 500,000 shares = $24.

Assume That a No-Load Open-End Mutual Fund Holds Securities with a Total