You are given the following information: Boston Equity Mutual Fund Total assets $ 966 million Total liabilities $ 6 million Total number of shares 38 million Calculate the net asset value for the Boston Equity mutual fund.

Respuesta :

The net asset value for the Boston Equity mutual fund is $25.26.

Net asset value is total assets less total liabilities divided by the total number of shares outstanding.

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

($966 million - $6 million) / 38 million

$960 million / 38 million

=$25.26

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