Calculate the net asset value (NAV) for a mutual fund with the following values:

Question

Calculate the net asset value (NAV) for a mutual fund with the following values:

Market value of securities held in the portfolio

     = $3.3 billion

Liabilities of the fund                 

     = $134 million

Shares outstanding

     = 177 million

Question-The net asset value (NAV) per share is $______ (Round to the nearest cent.)

Market value of securities held in the portfolio

     = $3.3 billion

Liabilities of the fund                 

     = $134 million

Shares outstanding

     = 177 million

Explanation / Answer

The Net Asset Value ( NAV) per share is $ 17.89 .

NAV = ( $ 3.3 billion - $ 134 million ) / 177 million = $ 17.89.

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