The ________ is the value of the mutual fund's holdings,minus any debt,divided by the number of shares outstanding.
A)net worth
B)market value
C)tangible value
D)net asset value
E)none of the above

Question

Quizplus · Accepted Answer

Net asset value (NAV) is the value of the mutual fund's holdings, minus any debt, divided by the number of shares outstanding. It represents the per-share value of the mutual fund and is calculated at the end of each trading day. Therefore, option D is the correct choice.

The ________ Is the Value of the Mutual Fund's Holdings,minus