Desmond recently purchased shares in the Venus Equity Mutual Fund, an open-end mutual fund. The fund is growing quite rapidly and has a current market value of $110 million on 18 million units outstanding. The company has current assets of $12 million, current liabilities of $4 million and total liabilities of $8 million. What is Venus's net asset value per share (NAVPS)?

Answer rating: 100% (QA)

To calculate the net asset value per share NAVPS of the Venus Equity Mutual Fund we need to divide t... View the full answer