Math Problem Statement
On October 21, 2023, the market value of the investments contained in the Global Investment Fund, a mutual fund, was 27,300,000 dollars. Liabilities for the fund were 1,911,000 dollars. If the fund had 1,400,000 shares outstanding, calculate the net asset value per share.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Net Asset Value (NAV)
Mutual Funds
Financial Analysis
Formulas
NAV per Share = (Net Assets) / (Number of Shares Outstanding)
Theorems

Suitable Grade Level
Advanced High School
Related Recommendation
Calculate NAV and Profit in Mutual Fund Investment  Detailed Analysis
Calculate Net Asset Value (NAV) and Rate of Return for a Mutual Fund
Calculate Shares of Mutual Fund CMLTX with $1,000 Investment
Asset Valuation: How to Calculate the Value of Asset A
Retirement Account and Mutual Fund Compound Interest Calculation