The ____ of a mutual fund indicates the value per share.
A) net asset value
B) gross asset value
C) net stock value
D) net bond value
E) none of the above

Question

Quizplus · Accepted Answer

The net asset value (NAV) is the value per share of a mutual fund. It is calculated by dividing the total value of the fund's assets by the number of shares outstanding. The NAV is calculated at the end of each trading day and represents the fund's price per share at that point in time.

The ____ of a Mutual Fund Indicates the Value Per