A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000.If the fund NAV was $56.12,how many shares must have been held in the fund?

Name: A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000.If the fund NAV was $56.12,how many shares must have been held in the fund?
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Quizplus · Accepted Answer

The Net Asset Value (NAV) is calculated as (Assets - Liabilities) / Number of Shares. Here, (465,000,000 - 37,000,000) / 56.12 = 7,626,515 shares.

A Mutual Fund Had Year-End Assets of $465,000,000 and Liabilities