The Market Stability Fund owns the following stocks:
$\begin{array}{ccc}
\text { Stock } & \text { Shares } & \text { Price } \
\text { A } & 8,790 & \$ 49 \
\text { B } & 6,700 & \$ 39 \
\text { C } & 4,200 & \$ 55
\end{array}$

The fund has no liabilities and has 57,600 shares outstanding. What is the NAV?

Question

The Market Stability Fund owns the following stocks:
$\begin{array}{ccc}
\text { Stock } & \text { Shares } & \text { Price } \
\text { A } & 8,790 & \$ 49 \
\text { B } & 6,700 & \$ 39 \
\text { C } & 4,200 & \$ 55
\end{array}$

The fund has no liabilities and has 57,600 shares outstanding. What is the NAV?

Quizplus · Accepted Answer

The Net Asset Value (NAV) is calculated by dividing the total value of the fund's assets by the number of shares outstanding. The total value of the fund's assets can be calculated as follows: $8,790 \times \$49 + 6,700 \times \$39 + 4,200 \times \$55 = \$430,310 + \$261,300 + \$231,000 = \$922,610$. The NAV is then $\$922,610 / 57,600 = \$16.02$.

The Market Stability Fund Owns the Following Stocks The Fund Has No Liabilities and Has 57,600 Shares Outstanding