Multiple Choice
Which of the following statements is true?
A) The net asset value equals the total market value of the assets of the fund.
B) The net asset value equals the total market value of the assets of the fund divided by the number of shares in the funds outstanding.
C) The net asset value equals the number of shares in the funds outstanding divided by the total market value of the assets of the fund.
D) The net asset value equals the total market value of the assets of the fund multiplied by the number of shares in the funds outstanding.
Correct Answer:
Verified
Correct Answer:
Verified
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