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22 April, 15:27

has a portfolio that is worth $200 million. The fund has $12 million liabilities and 4 million shares outstanding. A) What is the NAV of the fund

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  1. 22 April, 17:10
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    Net asset value = $47 million

    Explanation:

    Net asset value is usually used with regards to mutual funds, and gives investor an idea if fund is undervalued or overvalued. It represents the market value of funds.

    To calculate Net asset value use the following formula.

    Net asset value = (value of portfolio - liabilities) / outstanding shares

    Value of portfolio = $200 million

    Liabilities = $12 million

    Outstanding shares = 4 million

    Therefore

    Net asset value = (200 million - 12 million) / 4 million

    Net asset value = $47 million
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