The ____ of a Mutual Fund Indicates the Value Per

question 47

Multiple Choice

The ____ of a mutual fund indicates the value per share.

• A) net asset value
• B) gross asset value
• C) net stock value
• D) net bond value
• E) none of the above

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Definitions:

Durable Power

A legal document that grants a designated individual the authority to make decisions on another's behalf, typically in financial or healthcare matters, and often remains in effect even if the grantor becomes incapacitated.

Incapacity

The lack of ability, qualification, or strength to do something; specifically, the legal inability to enter into a contract.

Principal

A principal is a person or entity for whom another acts as an agent. In business contexts, it can also refer to the main party to a transaction who has the rights and responsibilities from the agreement.

Subrogation

The legal right for an insurer or third party to pursue a legal right or a claim against a wrongdoer on behalf of the insured party.