Compute the net asset value for a mutual fund

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Reference no: EM1363804

1. Calculate the net asset value (NAV) for a mutual fund with the following values.

Market value of securities held in the portfolio = $1.2 billion

Liabilities of the fund = $37 million

Shares outstanding = $ 60 million

2. At the beginning of last year Thomas purchased 200 shares of the Web.com Fund at an NAV of $26.00 and automatically reinvested all distributions. As a result of reinvesting Thomas ended the year with 265 shares of the fund with an NAV of $32.20. What was his total return for the year on this investment?

Reference no: EM1363804

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