Given the following mutual fund quotation, find the net asset value (NAV). $$\begin{array} { l l l l l l l l l }
\hline\text { Fidelity Invest} &\text { Contra }&\text { FCNTX }&56.46&+0.07&-3.0&-5.0\
\hline
\end{array}$$

Question

Given the following mutual fund quotation, find the net asset value (NAV). $$\begin{array} { l l l l l l l l l } 
\hline\text { Fidelity Invest}  &\text { Contra }&\text {  FCNTX }&56.46&+0.07&-3.0&-5.0\
\hline
\end{array}$$

Quizplus · Accepted Answer

The net asset value (NAV) of a mutual fund is the price per share or unit of the fund. In the given quotation, 56.46 represents the NAV of the Fidelity Invest Contra fund.