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What is the net asset value per share for cirrus

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Reference no: EM132200168

Cirrus Mutual Fund contains the following stocks in its portfolio including the number of shares and price per share of each stock.

  • Stock A: 100 shares; $15 per share.
  • Stock B: 50 shares; $30 per share.
  • Stock C: 220 shares; $12 per share.
  • Stock D: 30 shares; $45 per share.

The fund has issued 550 mutual fund shares to its investors and cash on hand is $2,025 (interest and dividends less expenses). What is the net asset value per share for Cirrus?

  • $16.39
  • $17.42
  • $18.11
  • $17.73

Reference no: EM132200168

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