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March 27, 2017

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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 - ,

    How did you arrive at this figure?

    15.96M shares at $4.80 each is $76.608M

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