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What is the net asset value per share of the fund

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Reference no: EM132947822

Question - A mutual fund's investment portfolio is comprised of the following: 2 million shares of Alright Automotive (current price is $55 per share); 3 million shares of Best-Shape Exercise Equipment (current price is $38 per share); and 5 million shares of California Fruit Corp. (current price is $35 per share). This mutual fund has sold a total of 20 million of its own shares to customers. What is the net asset value per share of the fund?

Reference no: EM132947822

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