NAV for mutual funds
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An open end mutual fund has the following stocks:
STOCK SHARES STOCK PRICE
A 9,000 $68
B 13,000 39
C 8,600 49
D 12,500 82
If there are 50,000 shares of the market fund what is the NAV?
Suppose the fund has liabilities of $110,000. What is the NAV of the fund now?
Assume the fund is sold with a 5% front-end load. What is the offering price of the fund?
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Solution Summary
The solution explains how to compute the NAV for mutual funds.
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Net Asset Value (NAV) = (Total assets - total liabilities)/number of shares
The total value of assets is ...
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