Personal Finance 1st Edition by Jack R. Kapoor

Exercise 11

Calculating Net Asset Value. Given the following information, calculate the net asset value for the New Empire small-cap mutual fund.

Step 1 of 2

Net asset value of the mutual fund is the value of per share. This can be calculated by dividing the difference between total assets and total liabilities with number of shares outstanding.

Value of the fund’s portfolio is amount of the total assets of the company.