Net Asset Value Is Determined by Taking the Total Market

question 93

True/False

Net asset value is determined by taking the total market value of all the securities held by the mutual fund,subtracting out any liabilities,and dividing the result by the number of shares outstanding.

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Definitions:

Sporophyte Generation

The stage in the life cycle of plants and algae where the organism is diploid and generates spores.

Gametophyte

The haploid stage in the life cycle of plants and algae that produces gametes through mitosis for sexual reproduction.

Megasporangium

In a heterosporous plant, structure in which megaspores are produced. Megasporangia of seed plants are ovules that develop into seeds following fertilization. Compare with microsporangium.

Heterosporous

Referring to plants that produce two types of spores, microspores which develop into male gametophytes and megaspores which develop into female gametophytes.