In the Context of Open-End Mutual Funds, the Net Asset

Multiple Choice

In the context of open-end mutual funds, the net asset value per share (NAVPS) is computed by:

A) dividing the total value of the fund's cash, securities, and other assets by the value of the coupon rate and the firm's liabilities.
B) dividing the capital gains by the number of fund shares outstanding.
C) dividing the accumulated value of the fund's assets by the current yield.
D) dividing the total value of the fund's cash, securities, and other assets by the number of fund shares outstanding.