Answer:
$22.95
Explanation:
Given that,
Market value of the current assets = $10.1 billion
Number of shares outstanding = 440 million
The net asset value is determined by the ratio of Market value of the current assets and Number of shares outstanding.
Net asset value (NAV) for this mutual fund:
= Market value of the current assets ÷ Number of shares outstanding
= $10,100,000,000 ÷ 440,000,000
= $22.95
Therefore, the net asset value (NAV) for this mutual fund is $22.95.
