The current market value of Plum Fund Investment is $6,850,000. The fund has current liabilities of $950,000. There are 700,000 shares outstanding. What is the NAV (round to the nearest cent)of this fund?

Name: The current market value of Plum Fund Investment is $6,850,000. The fund has current liabilities of $950,000. There are 700,000 shares outstanding. What is the NAV (round to the nearest cent)of this fund?
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Quizplus · Accepted Answer

($6,850,000 - $950,000)/700,000 = $8.43.

The Current Market Value of Plum Fund Investment Is $6,850,000