Question
What is a mutual fund's net asset value (NAV)? How is the NAV calculated and reported? A mutual fund's net asset value is the:(Select the
What is a mutual fund's net asset value (NAV)? How is the NAV calculated and reported?
A mutual fund's net asset value is the:(Select the best answer below.)
A.market value of all the securities it has purchased minus the market value of all the securities it has sold.
B.number of shares of each security the fund holds times the current share price of the security.
C.market value of all the securities it has purchased minus dividend distributions to the fund's shareholders.
D.market value of all the securities it has purchased minus any liabilities owed.
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