Problemcreviston mutual fund a load fund holds securities, Ask an Expert

Accounting

Problem:

Creviston Mutual Fund, a load fund, holds securities valued at $90,000,000 on August 30. The fund had liabilities of $2,000,000 and 4,800,000 shares outstanding.

Required:

Question: Calculate the net asset value per share on this day.

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170640

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