A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There were 3,750,000 shares in the fund at year end. What was the mutual fund's net asset value?

Question

Quizplus · Accepted Answer

The net asset value (NAV) is calculated by subtracting the liabilities from the assets and then dividing by the number of shares. NAV = ($250,000,000 - $4,000,000) / 3,750,000 = $65.60.

A Mutual Fund Had Year-End Assets of $250,000,000 and Liabilities