Creviston mutual fund a load fund holds securities valued at

Creviston mutual fund, a load fund, holds securities valued at $100,000,000 on August 31. the fund had liabilities of $6,000,000 and 3,450,000 shares outstanding. Calculate the net asset value per share on this day. (Show all work)

Solution

Net Assets Value = Total Assets Value - total Liabilties Net Assets Value = Total Assets = $            10,00,00,000 Less: \"-\" Total Liabilities = $                  60,00,000 Equal = \"=\" Net Assets Value = $              9,40,00,000 Net Assets Value Per shares = Net Assets Value / No. of Shares Outstanding Net Assets Value Per shares = Net Assets Value = $              9,40,00,000 Divide By \"/\" by Number of Shares outstanding $                  34,50,000 Net Assets Value Per shares = $                          27.25 Answer = Net assets value per shares = $ 27.25