Net asset value is the current value of a mutual fund's assets divided by the number of shares outstanding.

Name: Net asset value is the current value of a mutual fund's assets divided by the number of shares outstanding.
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Question

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This is the correct definition of net asset value (NAV) for a mutual fund. It is calculated by dividing the market value of the fund's assets, minus any liabilities, by the total number of shares outstanding.

Net Asset Value Is the Current Value of a Mutual