Question

Total assets $ 784 million   Total liabilities $ 4 million   Total number of shares 22 million...

Total assets $ 784 million
  Total liabilities $ 4 million
  Total number of shares 22

million

Calculate the net asset value for the Boston Equity mutual fund. (Round your answer to 2 decimal places.)

Net asset value per share
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Answer #1

net asset value = (total assets - total liabilities) / total number of shares

=> ($784 million - 4 million) / 22 million

=>$35.45.

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