The investments in the already been counted fund have a current market value of $600 million. the fund also has liabilities that total $40 million. if this mutual fund has 25 million shares, what is the net asset value per share?

asset value per share = $ 22.4

Explanation:

given data

current market value = $600 million

liabilities total =  $40 million

mutual fund = 25 million

to find out

what is the net asset value per share

solution

first we get here net assets value that is express as

net assets value = current market value - liabilities

net assets value = $600 - $40

net assets value = $560

so net asset value per share will be here as

asset value per share =

asset value per share =

asset value per share = $ 22.4

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