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 ...

The net asset value for the mut ...

Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of

Question:

Calculate the net asset value (NAV) for a mutual fund with the following values:
Market value of securities held in the = $1.2 billion
Liabilities of the fund= $37 million
Shares outstanding = 60 million Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...