Updated Finra Series-6 Practice Questions BY Nielsen

Based on the information provided, an investor who wants to buy shares of the URMoney Mutual Fund will pay $47 a share. Since the fund is a no load fund, the shares can be purchased at the net asset value per share of the fund. Net asset value per share (NAVPS) = (market value of fund's assets - fund liabilities) total number of share outstanding, so NAVPS = ($620 million - $150 million) 10 million shares = $47.