Net Asset Value

question 21

Multiple Choice

Net asset value

• A)Is the value of the securities minus the liabilities,divided by the number of shares outstanding
• B)Is the price at which the shares of a closed-end fund trade
• C)Is the value of the funds years earnings divided by the total amount invested in the fund
• D)A and B

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Definitions:

Orvieto Cathedral

A large 14th-century Roman Catholic cathedral located in Orvieto, Italy, noted for its stunning facade and significance in medieval architecture.

Silk Trade

An ancient network of trade routes that connected the East and West, significant for the exchange of silk, spices, and other goods, facilitating cultural exchanges.

Technical Effects

Refers to the specific visual or auditory effects achieved through the use of technology in art, film, theater, and other mediums to enhance the experience.

Fresco

Painting on lime plaster, either dry (dry fresco, or fresco secco) or wet (true, or buon, fresco). In the latter method, the pigments are mixed with water and become chemically bound to the freshly laid lime plaster. Also, a painting executed in either method.