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The share price of a mutual fund, called the Net Asset Value (NAV) is calculated a. by dividing the total market value of the fund

The share price of a mutual fund, called the Net Asset Value (NAV) is calculated

a. by dividing the total market value of the fund minus expenses by the total number of shares outstanding.

b. by dividing thetotal number of shares outstandingbythetotal market value of the fundminus expenses.

c. bytaking the previous day's NAV and multiplying it by the percentage change in the value of the NYSE.

d. Noneoftheabove.

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Introductory Statistics

Authors: Neil A. Weiss

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