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The Western Capital Growth mutual fund has: Total assets$812,000,000Total liabilities$12,000,000Total number of shares 40,000,000 What is the fund's net asset value (NAV) per share?

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Zviko

Answer:

The fund's net asset value (NAV) per share is $20.

Explanation:

Net Asset Value (NAV) = (Assets - Liabilities) ÷ Number of Shares

                                      = ($812,000,000 - $12,000,000) ÷ 40,000,000

                                      = $20

Conclusion :

The fund's net asset value (NAV) per share is $20.

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