The value of a mutual fund's portfolio minus the mutual fund's liabilities,equals a figure that when divided by the number of shares outstanding,gives you the:

Question

Quizplus · Accepted Answer

The value of a mutual fund's portfolio minus the mutual fund's liabilities is referred to as net assets. When divided by the number of shares outstanding, it gives you the net asset value (NAV) per share, which represents the per-share value of the mutual fund. Therefore, the correct choice is D, net asset value. The book value is the value of a company's assets minus its liabilities, which is not relevant in this context. Outstanding balance is not a relevant term in this context either. LIBOR rate is the London Interbank Offered Rate, an interest rate benchmark used in financial instruments, but not relevant in this context. Accounting value is not a widely used term in the mutual fund industry.

The Value of a Mutual Fund's Portfolio Minus the Mutual