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1 October, 13:49

The Blue Star Fund has assets with a market value of $10.6 million and liabilities of $607,000. What is the net asset value if there are 185,000 shares outstanding?

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  1. 1 October, 16:25
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    The answer is $54.02

    Explanation:

    Net asset is the difference between total assets and total liabilities

    Total assets are $10.6 million

    Total liabilities are $607,000

    = $10,600,000 - $607,000

    Net assets = $9,993,000

    Therefore, net asset value if there are 185,000 shares outstanding is Net assets/outstanding shares

    $9,993,000/185,000

    =$54.02
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