The Net Asset Value Per Share Is Equal to the Current

question 48

True/False

The net asset value per share is equal to the current market value of a mutual fund's portfolio minus the mutual fund's liabilities, divided by the number of outstanding shares.

---

Definitions:

Revenue

The aggregate revenue from goods sold or services provided that form the main activities of a business.

Profit-Maximizing Firms

Companies that operate with the goal of making the highest possible profit given their resources and market conditions.

Market Supply

The total amount of a specific good or service that is available for purchase in a given market at various prices, over a specified period.

Market Demand

The overall amount of a product or service that every consumer in a market is ready and capable of buying at different price levels.