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If a mutual fund's portfolio is valued at $500 million while there are liabilities of $6 million, what would be the NAV if there were 30 million shares outstanding

Answer :

ewomazinoade ewomazinoade

Today at 10:40 PM

The NAV of the mutual fund's portfolio given the value of the assets, liabilities and the shares outstanding is $16.53.

What is the NAV?

NAV means net asset value. It is the intrinsic value of a stock. NAV can be determined by dividing the differerence between assets and liabilties by the shares outstanding.

NAV = (assets - liabilities) / shares outstanding

(500 - 6) 30 = $16.53

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