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The investments in the Alamo Basics Contingency Fund have a current market value of $730 million. The fund also has liabilities that total $45 million. If this mutual fund has 25 million shares, what is the net asset value per share?Select one:a. $1.80b. $27.40c. $29.20d. $31.00e. $26.50

Respuesta :

Answer:

b. $27.40

Explanation:

The formula for finding the net asset value per share is

(Fund assets-Fund liabilities)/number of shares outstanding

In this case the investments of the fund are its assets so fund assets are 730 million

The liabilities of the fund are 45 million and there are 25 million shares outstanding. In order to find the net asset value we will just input these values in the formula.

(730-45)/25= 27.40

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