Q.1130 Proud Mutual Fund had year-end assets worth $335 million and liabilities of $68 million. Given that there were a total of 100,000 shares outstanding, compute the NAV. | Financial Risk Manager Part 1 Quiz - LeetQuiz
Financial Risk Manager Part 1
Explanation:
The Net Asset Value (NAV) is the market value of the assets of the fund minus its liabilities divided by the number of shares in the fund.
Q.1130 Proud Mutual Fund had year-end assets worth $335 million and liabilities of $68 million. Given that there were a total of 100,000 shares outstanding, compute the NAV.
