The net asset value of a mutual fund is calculated as the
A) market value of assets less the market value of liabilities divided by the market value of the assets.
B) market value of assets less the market value of liabilities divided by the market value of the assets plus the market value of liabilities.
C) market value of assets plus the market value of liabilities divided by the number of shares outstanding.
D) market value of assets less the market value of liabilities divided by the number of shares outstanding.
Correct Answer:
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