Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29 million, current liabilities of $26 million and has 19 million fund shares outstanding. What is the fund's NAV per share? Multiple Choice о O O о $48.16 $46.79 $47.62 $45.42

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Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
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Calculating NAV A fund has a market value of securities of $860 million, cash and
receivables of $29 million, current liabilities of $26 million and has 19 million fund shares
outstanding. What is the fund's NAV per share?
Multiple Choice
$48.16
$46.79
O $47.62
O $45.42
Transcribed Image Text:Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29 million, current liabilities of $26 million and has 19 million fund shares outstanding. What is the fund's NAV per share? Multiple Choice $48.16 $46.79 O $47.62 O $45.42
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