The ____ of a mutual fund represents the price at which shares can be purchased from the mutual fund.
A)gross asset value
B)net asset value
C)net stock value
D)net bond value

Question

Quizplus · Accepted Answer

The Net Asset Value (NAV) of a mutual fund represents the price per share at which shares can be bought or sold. It is calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.

The ____ of a Mutual Fund Represents the Price at Which