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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 2 years ago
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