1. Assume the following information on a mutual fund: assets: $3 million; liabilities: $500,000; number of shares outstanding: 1,500,000. Compute the funds NAV.

2. A fund started the year with a NAV of $10.60 and ended the year with a NAV of $9.50. During the year, the fund distributed $1.10 in the form of income and capital gains. If you were an investor in that fund, what would be your rate of return?

Answer rating: 100% (QA)

Mutual Fund Calculations 1 Net Asset Value NAV The NAV per share can be calculated using the followi... View the full answer