🏦LTB
SIE: Investment Companies & Packaged Products
SIE practice questionmediumMutual Funds - NAV

A mutual fund has $150 million in assets, $10 million in liabilities, and 7 million shares outstanding. What is the NAV per share?

  1. A$21
  2. B$19
  3. C$20✓ Correct answer
  4. D$22
Explanation

Why C$20

NAV = (Assets - Liabilities) / Shares = ($150M - $10M)/7M = $20. Choices B, C, and D are incorrect calculations.

Turn it into reps

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

Related Investment Companies & Packaged Products questions