Consider a mutual fund with 100 shareholders who each invested $10 for a total of $1,000.If the assets of the mutual fund are worth $900, what is the net asset value for each one of the mutual fund shares?
A)$0.9.
B)$9.
C)$90.
D)$10.
E)$0.10.

Question

Quizplus · Accepted Answer

The net asset value (NAV) for each share is calculated by dividing the total assets by the number of shares outstanding. In this case, there are 100 shares outstanding (one for each shareholder), and the assets are worth $900. Therefore, the NAV per share is $9 ($900 divided by 100).

Consider a Mutual Fund with 100 Shareholders Who Each Invested