Examlex
Which of the following representations in two's complement notation represents the largest value?
Net Asset Value
The net worth of a fund, calculated by subtracting its liabilities from the sum of its assets, commonly associated with mutual and exchange-traded funds.
Closed-end Fund
A type of investment fund with a fixed number of shares that are traded on the stock exchange, unlike mutual funds which continuously offer new shares or buy back existing shares.
Brokered Markets
Marketplaces where buyers and sellers are brought together by third-party brokers to facilitate transactions.
Continuous Auction Markets
Markets where buyers and sellers continuously submit competitive bids and offers, allowing for trades throughout the trading session.
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