Compute the Net Asset Value for a Share of a Mutual

question 129

Multiple Choice

Compute the net asset value for a share of a mutual fund with the following characteristics:
​
Market value of assets:
$6,257,562,000
Market value of liabilities:
$123,800,000
Number of shares outstanding:
134,430,000

• A)$46.55
• B)$47.47
• C)$50.55
• D)$45.63