A mutual fund has a total assets of $46,000000 and liabilities $3,760,000. If 850,000 are outstanding, what is the net asset value of the fund?

To calculate the net asset value (NAV) of the mutual fund, you need to subtract its liabilities from its total assets.

Given information:
Total assets = $46,000,000
Liabilities = $3,760,000
Outstanding = 850,000

1. Calculate the net assets by subtracting liabilities from total assets:
Net Assets = Total Assets - Liabilities
Net Assets = $46,000,000 - $3,760,000
Net Assets = $42,240,000

2. Subtract the outstanding amount from the net assets to get the net asset value:
Net Asset Value (NAV) = Net Assets - Outstanding
Net Asset Value (NAV) = $42,240,000 - 850,000
Net Asset Value (NAV) = $41,390,000

Therefore, the net asset value of the mutual fund is $41,390,000.