a mutual fund has total assets of $57000000 and liabilities of $ 8550000. if 15960000 shares are outstanding, what is the net asset value of the fund?

To calculate the net asset value (NAV) of a mutual fund, you need to subtract the liabilities from the total assets and then divide the result by the number of outstanding shares.

1. Start with the given values:
Total assets = $57,000,000
Liabilities = $8,550,000
Outstanding shares = 15,960,000

2. Calculate the net assets by subtracting the liabilities from the total assets:
Net Assets = Total assets - Liabilities
Net Assets = $57,000,000 - $8,550,000
Net Assets = $48,450,000

3. Finally, divide the net assets by the number of outstanding shares to get the net asset value (NAV) per share:
NAV = Net Assets / Outstanding shares
NAV = $48,450,000 / 15,960,000
NAV = $3.03 (rounded to the nearest cent)

Therefore, the net asset value (NAV) of the mutual fund is $3.03 per share.