Diversified Portfolios had year-end assets of $279,000,000 and liabilities of $43,000,000.If Diversified's NAV was $42.13,how many shares must have been held in the fund?

Name: Diversified Portfolios had year-end assets of $279,000,000 and liabilities of $43,000,000.If Diversified's NAV was $42.13,how many shares must have been held in the fund?
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The Net Asset Value (NAV) is calculated as (Assets - Liabilities) / Number of Shares. Here, (279,000,000 - 43,000,000) / 42.13 = 5,601,709 shares.

Diversified Portfolios Had Year-End Assets of $279,000,000 and Liabilities of $43,000,000.If