What Is Known as the Net Asset Value (NAV)

question 22

Multiple Choice

What is known as the net asset value (NAV) ?

• A) The closing price of the securities that comprise a particular fund's portfolio plus the value of any uninvested cash that the fund manager maintains for the fund
• B) A concept used in finance and economics, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset
• C) The value of an entity's assets less the value of its current liabilities at the end of the trading day
• D) The difference between the replacement cost of a fixed asset and its book value appearing on the balance sheet

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