Answer:
The Net sales value of the fund is $9.62
Explanation:
Net asset is the net value of assets and liabilities. Net asset value of fund the the value of all the investment less any liability associated with those investment.
Stock Shares Price Total
A 300,000 $30 $9,000,000
B 400,000 $35 $14,000,000
C 500,000 $10 $5,000,000
D 700,000 $15 $10,500,000
Total $38,500,000
Net Asset value = Total asset value - Total Liabilities = $38,500,000 - $30,000 = $38,470,000
Number of outstanding shares = 4,000,000
NAV = Net asset value / number of outstanding shares = $38,470,000 / 4,000,000 = 9.6175 = $9.62
