Multiple Choice
The net asset value of a mutual fund is
A) determined by subtracting the fund's liabilities from its assets and dividing by the number of shares outstanding.
B) determined by calculating the net price of the assets owned by the fund.
C) calculated every 15 minutes and used for transactions occurring during the next 15-minute interval.
D) calculated as the difference between the fund's assets and its liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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