Final answer:
The net asset value per unit (NAVPU) of the Rosewater Canadian Equity Fund is calculated by subtracting the long-term liabilities from the total assets to find the net assets and then dividing by the units outstanding. The NAVPU is $6.28 per unit.
Step-by-step explanation:
To calculate the net asset value per unit (NAVPU) for the Rosewater Canadian Equity Fund, you first need to determine the fund's net assets by subtracting its long-term liabilities from its total assets. Once you have the net assets, you divide that number by the units outstanding to get the NAVPU.
The calculation uses the following information: Total assets at market value are $60,225,374, and long-term liabilities are $12,138,336. With 7,659,890 units outstanding, the formula for NAVPU becomes:
Net Assets = Total Assets - Long-term Liabilities
Net Assets = $60,225,374 - $12,138,336
Net Assets = $48,087,038
To find the NAVPU:
NAVPU = Net Assets / Units Outstanding
NAVPU = $48,087,038 / 7,659,890
NAVPU = $6.28 per unit (rounded to two decimal places)