Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables...
Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables of $50 million, current liabilities of $46 million and has 29 million fund shares outstanding. What is the fund's NAV per share?
Homework Answers
NAV = Assets - Liabilities
= $1,010 + $50 - $46
NAV = $1,014
NAV per share = NAV / No. of outstanding shares
= $1,014 / 29
NAV per share = $34.97
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