If a mutual fund has an NAV of $100 million, and investors own $10,000,000 of fund's shares, the funds per share value will be:

Question

Quizplus · Accepted Answer

The NAV (Net Asset Value) represents the total value of the assets of the mutual fund divided by the total number of outstanding shares. Therefore, to calculate the per-share value, we divide the NAV by the number of outstanding shares: $100,000,000 / 10,000,000 shares = $10 per share.

If a Mutual Fund Has an NAV of $100 Million