Investment fund basics · Question 11 of 12
A fund holds assets of 505 million euros, has liabilities of 5 million euros, and 10 million units are outstanding. What is the unit value?
1 answer is correct. Hard
Show answer
Answer
- D 50.00 euros
Explanation
Net asset value = (505 − 5) million euros / 10 million units = 50.00 euros. Anyone who forgets the liabilities arrives at 50.50 euros. The value is recalculated every trading day.