alleryStart learning →A fund has assets of $520 million, liabilities of $20 million and 5 million units. What is NAV per unit?
A$104
B$110
C$90
D$100
Answer & Solution
Correct answer: D. $100
NAV is 520 minus 20, which is 500 million; divided by 5 million units gives 100 per unit.
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