The all-star basic value fund's portfolio is valued at $210 million. the fund has liabilities of $5 million, and the investment company sponsoring the fund has issued 16,400,000 shares. what is the fund's net asset value?

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04-12-2017
Business

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The all-star basic value fund's portfolio is valued at $210 million. the fund has liabilities of $5 million, and the investment company sponsoring the fund has issued 16,400,000 shares. what is the fund's net asset value?

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Kalahira Kalahira · Answer 1 · 2017-12-15T21:11:01+01:00

Kalahira Kalahira

15-12-2017

Let the unit per share be X. 16, 400, 000 * X = total value of asset. But the total assest = Amount at which they are valued $210 million - liability $5 million = 205 million. So we have that 16, 400, 000 * X = 205 million X = 205, 000, 000/ 16, 400, 000 = 12.5. Hence the funds net asset is 12.5

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