The Value of a Load Mutual Fund's Assets Less Its

question 85

Multiple Choice

The value of a load mutual fund's assets less its liabilities, divided by the number of shares outstanding is referred to as the fund's:

• A)net asset value.
• B)offering price.
• C)open-end value.
• D)closed-end value.
• E)prime value.

---

Definitions:

Income Taxes

Taxes levied by governments on the income earned by individuals and entities within their jurisdiction.

No-Par Common Stock

A type of common stock that is issued without a par value, meaning its value is not fixed in the corporate charter.

Stated Value

A nominal value assigned to share capital in the company's books, which is not determined by market value but is chosen by the company itself.

Cash Proceeds

The total amount of cash received from transactions, often from the sale of assets or issuance of stock.