the new american enterprise mutual fund's portfolio is valued at $175,000,000. the fund has liabilities of $4,800,000, and the investment company sponsoring the fund has issued 6,100,000 shares. what is the fund's net asset value?

Answers

Answer 1

Answer:

The New American Enterprise Mutual Fund's net asset value (NAV) per share is approximately $27.90.

1. First, we need to determine the fund's net assets. To do this, subtract the fund's liabilities from its total portfolio value:

Net Assets = Portfolio Value - Liabilities
Net Assets = $175,000,000 - $4,800,000
Net Assets = $170,200,000

2. Next, we need to calculate the NAV per share. To do this, divide the fund's net assets by the total number of shares issued:

NAV per Share = Net Assets / Total Shares Issued
NAV per Share = $170,200,000 / 6,100,000
NAV per Share ≈ $27.90

So, the New American Enterprise Mutual Fund's net asset value (NAV) per share is approximately $27.90. This value represents the price at which investors can buy or sell shares of the fund, and it is an essential metric for evaluating a mutual fund's performance.

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Answers

Answer:

Correct option is (e)

Explanation:

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