Solution-Fund net asset value per share

Fund net asset value per share

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Reference no: EM133058300

Suppose the MilFord Equity Fund, an open-ended mutual fund, owns the following six stocks:

Company	Shares	Price
Australia and New Zealand Banking Group Ltd	3,601.00	$27.77
Afterpay Ltd	772.00	$129.53
CSL Ltd	326.00	$306.26
Newcrest Mining Ltd	4,380.00	$22.83
REA Group Ltd	599.00	$166.69
RIO Tinto Ltd	995.00	$100.47

The fund began by selling $160,000 of stock at $3.5 per share and has liabilities of $50,000.

REQUIRED

What is the fund's net asset value (NAV) per share?

Reference no: EM133058300

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Fund net asset value per share

Reference no: EM133058300

Reference no: EM133058300

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