The net asset value (NAV)is estimated each day by first determining the market value of all securities comprising the mutual fund.

Question

The net asset value (NAV)is estimated each day by first determining the market value of all securities comprising the mutual fund. 
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Quizplus · Accepted Answer

The NAV of a mutual fund is calculated daily by taking the total market value of all the securities in the fund's portfolio, subtracting any liabilities, and then dividing by the number of shares outstanding. This provides the per-share value of the fund.

The Net Asset Value (NAV)is Estimated Each Day by First