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.

To calculate the Net Asset Value (NAV) per share for the Global Investment Fund, we follow these steps:

### 1. **Calculate the Net Assets:**
   - **Market Value of Investments:** $27,300,000
   - **Liabilities:** $1,911,000
   - **Net Assets:** Market Value of Investments - Liabilities

\[
\text{Net Assets} = 27,300,000 - 1,911,000 = 25,389,000 \text{ dollars}
\]

### 2. **Calculate the Net Asset Value (NAV) per Share:**
   - **Number of Shares Outstanding:** 1,400,000 shares
   - **NAV per Share:** Net Assets ÷ Number of Shares Outstanding

\[
\text{NAV per Share} = \frac{25,389,000}{1,400,000} \approx 18.13 \text{ dollars}
\]

### **Result:**
- **Net Asset Value (NAV) per share:** $18.13

Would you like more details or have any questions about this calculation?

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Here are some related questions:
1. How does the NAV per share impact an investor's decision to buy into a mutual fund?
2. What factors can cause changes in the NAV per share?
3. How often is NAV typically calculated for mutual funds?
4. What is the significance of liabilities in determining the NAV of a mutual fund?
5. How does the NAV differ from the market price of mutual fund shares?

**Tip:** The NAV per share is a crucial metric for mutual fund investors, as it represents the value of one share of the fund's assets minus its liabilities.

Learn how to calculate the Net Asset Value (NAV) per share for a mutual fund with a detailed step-by-step solution. This problem involves financial analysis, including determining net assets and liabilities. Suitable for advanced high school students and beyond.

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