5-16 The net asset value of a mutual fund is a value determined by an end-of-day marking-to-market process.

Question

Quizplus · Accepted Answer

The net asset value (NAV) of a mutual fund is calculated by dividing the total value of the fund's assets by the number of outstanding shares. This calculation is based on the market values of the assets at the end of each trading day, which is known as the marking-to-market process. Therefore, option A is correct.

5-16 the Net Asset Value of a Mutual Fund Is