Homework Help: Business Finance

Posted by Terry on Friday, January 20, 2012 at 10:41am.

I came up with 4.80 per share for the question.
A mutual fund has total assets of $57,000,000 and liablities of $8,550,000. If $15,960,000 shares outstanding, what is the net asset value of the fund? Please check my answer.

Business Finance - Steve, Friday, January 20, 2012 at 11:58am
How did you arrive at this figure?

15.96M shares at $4.80 each is $76.608M

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