How Is the Price Per Share of an Open-Ended Mutual

question 25

Multiple Choice

How is the price per share of an open-ended mutual fund determined?

• A)Number of outstanding shares divided by the net value of the fund's total assets
• B)Net value of the fund's total assets less any liabilities divided by the number of outstanding shares
• C)Net value of the fund's total assets divided by the number of outstanding shares
• D)Average value of the fund's total assets divided by the number of outstanding shares

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Definitions:

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, responsible for focusing most of the light that enters the eye.

Eye

An organ of vision that detects light and converts it into electro-chemical impulses in neurons.

Circular Opening

An opening or hole that is round in shape.

Iris

The colored part of the eye that controls the diameter and size of the pupil, thus regulating the amount of light that enters the eye.