A mutual fund portfolio is valued at $46 million. The fund has liabilities of 4 million, and the ?

Question

investment company sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value?

a. $26.25

b. $28.75

c. $42 million

d. $46 million

Answer 1

Share value is A. $26.25.  Net asset value is $42 million

Answer 2

Net value is 42 million. 26.25 is the value per share.  

Answer 3

42 million dollars is the correct answer as 46 million - 4 million equals 42 million. fairly good ratio