The net asset value for a share of a mutual fund is: $45.63.
Net asset value
Using this formula
Net asset value=Market value of assets-Market value of liabilities/Number of shares outstanding
Let plug in the formula
Net asset value=$6,257,562,000-$123,800,000/134,430,000
Net asset value=$6,133,762,000/134,430,000
Net asset value=$45.63
Therefore the net asset value for a share of a mutual fund is: $45.63.
The complete question is:
Compute the net asset value for a share of a mutual fund with the following characteristics:
Market value of assets:$6,257,562,000
Market value of liabilities:$123,800,000
Number of shares outstanding:134,430,000
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