The ____ of a mutual fund represents the price at which shares can be purchased from a 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) is the price at which an investor can purchase shares from a mutual fund. It is calculated by dividing the total value of the fund's assets by the number of shares outstanding. The gross asset value refers to the total value of a mutual fund's assets, while the terms net stock value and net bond value are not commonly used in relation to mutual funds.

The ____ of a Mutual Fund Represents the Price at Which