XYZ mutual fund has 500,000 shares outstanding, and its… – BBS Foundation of Financial Systems 2081 Solved

BBS Foundation of Financial Systems · 2081 · Solved Question with Answer

XYZ mutual fund has 500,000 shares outstanding, and its assets consist of common stock with an aggregate market value of Rs 6,800,000 and

liabilities of Rs 300,000 as of Asar 31, 2081. What is the NAV per share of the fund?

Solution

XYZ mutual fund has 500,000 shares outstanding, and its assets consist of common stock with an aggregate market value of Rs 6,800,000 and liabilities…