To Calculate the NAV, the Market Value of the Portfolio

question 52

Multiple Choice

To calculate the NAV, the market value of the portfolio less liabilities is divided by the ________ to arrive at a per-share basis.

• A) original number of shares
• B) shares currently issued by the fund
• C) maximum shares to be issued
• D) average number of shares in comparable funds

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Definitions:

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Language that uses words or expressions with a meaning that is different from the literal interpretation.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

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