Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Net asset value refers to the book value of assets in a managed fund portfolio divided by the number of shares outstanding.
B) Net asset value refers to the book value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
C) Net asset value refers to the market value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
D) None of the listed options are correct.