A certain mutual fund containing both corporate stocks and bonds has a total value of $2,500,000. The fund also has $500,000 in liabilities and 50,000 shares. What is the net asset value per share for this mutual fund?
A) $60
B) $2,000,000
C) $40
D) $3,000,000
E) $100

Question

Quizplus · Accepted Answer

Net asset value per share = (Total value of the fund - Liabilities) / Number of shares
= ($2,500,000 - $500,000) / 50,000
= $40

A Certain Mutual Fund Containing Both Corporate Stocks and Bonds