Net asset value milehigh mutual fund contains the following, Ask an Expert

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Net asset value. MileHigh Mutual Fund contains the following stocks in its portfolio (the number of shares owned and the current market price per share for each stock are shown as well). Cash on hand, which is the net of dividends received less expenses) is $3,675. The fund has issued 9,300 shares to its investors.

1. Calculate the net asset value (NAV) per share for MileHigh. Be sure to show your work.

Stock # of Shares Price per share

1 1,000 $ 2.03

2 5,000 $51.37

3 2,800 $29.08

4 10,000 $67.19

5 3,000 $ 4.42

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92769445

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