The Net Asset Value of a Mutual Fund Is Found

question 118

Multiple Choice

The net asset value of a mutual fund is found by

• A)subtracting the daily market value of the fund's asset portfolio from the previous days' value.
• B)dividing the cumulative value of all asset positions held by the fund by the total number of asset shares held by the fund.
• C)computing the daily market value of the fund's total asset portfolio and then dividing this amount by the number of mutual fund shares outstanding.
• D)comparing the daily market value of the fund's total asset portfolio with that of its peers.
• E)subtracting expenses, commissions, and dividends from the fund's total asset portfolio.

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Definitions:

Blood

A vital fluid in humans and animals containing red and white cells in a liquid plasma, responsible for transporting nutrients and oxygen to cells and removing waste products.

Congestive Heart Failure

A condition in which the heart is unable to pump blood effectively, leading to congestion of blood in the organs.

Left-sided Heart Failure

A condition where the left side of the heart is unable to pump blood efficiently, leading to a buildup of fluid in the lungs.

Atherosclerosis

A condition characterized by the hardening and narrowing of the arteries due to the build-up of plaque on the artery walls, which can lead to cardiovascular diseases.