Respuesta :
The NAV of fund is $14.2
a. NAV = (Market value of assets - market value of liabilities) / shares outstanding
(150,000,000 - 8,000,000) / 10,000,000
= $14.2
What is NAV and how it works?
Net asset value (NAV) represents a fund's per-share intrinsic value. it's similar in some ways to the book value of a company. NAV is calculated by dividing the entire value of all the cash and securities in a fund's portfolio, minus any liabilities, by the amount of outstanding shares.
What is NAV used for?
NAV is usually used as a per-share value calculated for a mutual fund or ETF. NAV is calculated at the top of each trading day based on the closing market prices of the portfolio's securities.
How is NAV calculated with example?
To get the total net assets of a fund, subtract any liabilities from the present value of the mutual fund's assets and then divide the figure by the total number of units outstanding. The resulting figure is that the NAV of the mutual fund. The NAV of a open-end fund is always calculated at the end of the market day.
Learn more about NAV :
brainly.com/question/28238795
#SPJ4
