Question

The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities...

The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities of $6.6 million, and the investment company sponsoring the fund has issued 5,300,000 shares. What is the fund's net asset value (NAV)? (Round your answer to 2 decimal places.)

  • $21.29 NAV per share

  • $26.49 NAV per share

  • $34.36 NAV per share

  • $24.00 NAV per share

  • $18.83 NAV per share

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ANSWER : $24.00 NAV per share

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