The Value of a Mutual Fund's Portfolio Minus the Mutual

question 89

Multiple Choice

The value of a mutual fund's portfolio minus the mutual fund's liabilities,equals a figure that when divided by the number of shares outstanding,gives you the:

• A)book value.
• B)outstanding balance.
• C)LIBOR rate.
• D)net asset value.
• E)accounting value.

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Definitions:

Commodity Bundle

A combination of goods or services that a consumer might consume, considered in consumption and preference analysis.

Budget Equation

An equation that represents the balance between an entity's income and expenses, often used in personal finance or government budgets.

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Containers used for the storage or transport of butternuts, a type of nut often used in cooking and baking.

Commodity Bundles

A set of goods or commodities grouped together, typically for purposes of analysis or sale.