Answer:
Net asset value= $47 million
Explanation:
Net asset value is usually used with regards to mutual funds, and gives investor an idea if fund is undervalued or overvalued. It represents the market value of funds.
To calculate Net asset value use the following formula.
Net asset value= (value of portfolio - liabilities)/ outstanding shares
Value of portfolio= $200 million
Liabilities= $12 million
Outstanding shares= 4 million
Therefore
Net asset value= (200 million- 12 million)/ 4 million
Net asset value= $47 million
