NAV Is Equal to the

Multiple Choice

NAV is equal to the

A) current market value of a mutual fund's portfolio minus the mutual fund's liabilities divided by the number of outstanding shares.
B) current market value of a share of common stock multiplied by the number of outstanding shares divided by the company's sales.
C) current market value of a company divided by the number of outstanding shares offered by that company.
D) current market value of a mutual fund's portfolio minus the mutual fund's administrative costs divided by the number of outstanding shares.
E) previous market value of a mutual fund's portfolio adding the revenue generated by the fund during a 12-month period.