The Current Market Value of All the Securities a Mutual

question 31

Multiple Choice

The current market value of all the securities a mutual fund owns is called the

• A)market value.
• B)par value.
• C)net asset value.
• D)book value.
• E)liquidation value.

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Definitions:

Taxable Income

The portion of an individual or entity's income that is subject to tax by governmental authorities, after deductions and exemptions.

Progressive

A political and social philosophy advocating for changes and reforms through governmental action in order to achieve a more equitable society.