The Net Asset Value Is Calculated as

question 3

Multiple Choice

The net asset value is calculated as

• A) (Liabilities - Value of portfolio) + Number of shares outstanding.
• B) Number of shares outstanding/(Liabilities - Value of portfolio).
• C) (Liabilities - Value of portfolio)/Number of shares outstanding.
• D) (Current market value of portfolio - Liabilities)/Number of shares outstanding.
• E) Number of shares outstanding/(Value of portfolio - Liabilities).

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Definitions:

Article 2

Depending on the context, this could refer to Article 2 of various laws or agreements; often associated with the UCC in the US, governing the sale of goods.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, designed to standardize and simplify the laws across states.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another.

Breach

The violation or infringement of a law, duty, or other form of agreement.