Question

The Western Capital Growth mutual fund has: Total assets$812,000,000Total liabilities$12,000,000Total number of shares 40,000,000 What is the fund's net asset value (NAV) per share?

Answer 1

The fund's net asset value (NAV) per share is $20.

Step-by-step explanation:

Net Asset Value (NAV) = (Assets - Liabilities) ÷ Number of Shares

= ($812,000,000 - $12,000,000) ÷ 40,000,000

= $20

Conclusion :

The fund's net asset value (NAV) per share is $20.