What is the net asset value

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Reference no: EM132047727

Last year David McCullough of La Junta, Colorado, bought the XYZ mutual fund, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding.

a) What is the net asset value?

b) If the current price is $18, is this a good deal?

Reference no: EM132047727

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