Adequate information: Accrued management fees- $ 30,000 Number of share outstanding- 4 million To compute: Net asset value for the given fund Introduction: Net asset value of the fund is the total of market value of all the investments/assets owned by the fund on a particular date netted off all the liabilities to the outsiders.

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Chapter 4, Problem 9PS

Summary Introduction

Adequate information:

Accrued management fees- $ 30,000

Number of share outstanding- 4 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the total of market value of all the investments/assets owned by the fund on a particular date netted off all the liabilities to the outsiders.

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