The net asset value of a mutual fund is the average market price of the stocks,bonds,and other assets the fund owns.

Question

Quizplus · Accepted Answer

The net asset value (NAV) of a mutual fund is calculated by dividing the total value of all the securities and assets in the portfolio, minus any liabilities, by the number of shares outstanding. It is not an average of the market prices but a per-share value of the fund's assets.

The Net Asset Value of a Mutual Fund Is the Average