Question

Growth fund had year-end asset of $862,000,000 and liabilities of $12,000,000. there were 32,675,254 shares in the fund at the year end .what was growths funds net assets value

Answer 1

According to question,

Value of finds a the end of the year = $ 862,000,000

and

Value of liabilities at the end of the year = $ 12,000,0000

So, Total value of Fund = $ 850,000,000

As we know,

according to question,

the number of shares = 32,675,245

Therefore,

Net asset value of fund = Total value of fund / Number of shares

= 850,000,000 / 32,657,245

= $26