17-86 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?

Question

Quizplus · Accepted Answer

Since the assets of the mutual fund are worth $900 and there are a total of 100 shares in the mutual fund, the net asset value per share is calculated as:
Net Asset Value per share = (Total assets) / (Total number of shares)
Net Asset Value per share = $900 / 100 shares
Net Asset Value per share = $9
Therefore, the correct answer is B.

17-86 Consider a Mutual Fund with 100 Shareholders Who Each