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Question 28/49
The following financial information is available for fund SKE:
What is SKE fund's net asset value per share?
What is SKE fund's net asset value per share?
Correct Answer: B
A white sheet with black text Description automatically generated
Explanation of Answer Options:
* Option A ($9.90): Incorrect; this value does not reflect the subtraction of liabilities.
* Option B ($11.90): Correct; it accounts for the subtraction of liabilities and proper division by outstanding units.
* Option C ($12.00): Incorrect; it represents the market value of assets per unit without deducting liabilities.
* Option D ($10.00): Incorrect; this value does not align with the given data or calculations.
References to Canadian Securities Course Exam 2 Study Materials:
* Volume 2, Chapter 17- Mutual Funds: Structure and Regulation, Pricing Mutual Fund Units:
* Discusses the formula for calculating NAV per share, including the treatment of liabilities and market value of assets.
* Volume 2, Chapter 22- Other Managed Products:
* Covers the concept of valuation for managed funds and its importance for accurate pricing.
* Volume 1, Chapter 11- Corporations and Their Financial Statements:
* Provides foundational knowledge about book and market values used in calculations.
Explanation of Answer Options:
* Option A ($9.90): Incorrect; this value does not reflect the subtraction of liabilities.
* Option B ($11.90): Correct; it accounts for the subtraction of liabilities and proper division by outstanding units.
* Option C ($12.00): Incorrect; it represents the market value of assets per unit without deducting liabilities.
* Option D ($10.00): Incorrect; this value does not align with the given data or calculations.
References to Canadian Securities Course Exam 2 Study Materials:
* Volume 2, Chapter 17- Mutual Funds: Structure and Regulation, Pricing Mutual Fund Units:
* Discusses the formula for calculating NAV per share, including the treatment of liabilities and market value of assets.
* Volume 2, Chapter 22- Other Managed Products:
* Covers the concept of valuation for managed funds and its importance for accurate pricing.
* Volume 1, Chapter 11- Corporations and Their Financial Statements:
* Provides foundational knowledge about book and market values used in calculations.
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