Creviston mutual fund, a load fund, holds securities valued at $100,000,000 on August 31. the fund...

Creviston mutual fund, a load fund, holds securities valued at $100,000,000 on August 31. the fund had liabilities of $6,000,000 and 3,450,000 shares outstanding. Calculate the net asset value per share on this day. (Show all work)

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Expert Solution


Net Assets Value = Total Assets Value - total Liabilties

Net Assets Value =
Total Assets =	$ 10,00,00,000
Less:	"-"
Total Liabilities =	$ 60,00,000
Equal =	"="
Net Assets Value =	$ 9,40,00,000

Net Assets Value Per shares = Net Assets Value / No. of Shares Outstanding
Net Assets Value Per shares =
Net Assets Value =	$ 9,40,00,000
Divide By	"/" by
Number of Shares outstanding	$ 34,50,000
Net Assets Value Per shares =	$ 27.25

Answer = Net assets value per shares = $ 27.25

jeff jeffy answered 1 year ago

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