The price of a mutual fund share excluding any transaction cost is its

Question

Quizplus · Accepted Answer

The net asset value (NAV) of a mutual fund is the price of one share, calculated by dividing the total value of all the assets in the fund's portfolio, minus liabilities, by the number of outstanding shares. The NAV represents the fund's per-share market value. It is different from the expense ratio, which represents the fund's fees as a percentage of its total assets. Net income and exchange rate are not relevant to the price of a mutual fund share.

The Price of a Mutual Fund Share Excluding Any Transaction