The market value of the assets of the Warrior Fund is currently $97.3 million, while its liabilities are $753,000. What is the net asset value of the Warrior Fund if it has 1,750,000 shares outstanding?

Question

Quizplus · Accepted Answer

Net asset value (NAV) of the Warrior Fund is calculated as

[Market value of assets - Liabilities] / Number of shares outstanding

Plug in the given values:

NAV = [($97.3 million - $753,000)] / 1,750,000

NAV = $55.17

Therefore, the net asset value of the Warrior Fund is $55.17 per share. The best choice is B.

The Market Value of the Assets of the Warrior Fund