The NAV of a Mutual Fund with a Market Value

question 123

True/False

The NAV of a mutual fund with a market value of its assets of $100 million and 10 million shares outstanding would be $10.

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Definitions:

Expense Form

A document used by employees to report out-of-pocket expenses for which they request reimbursement.

Check Form

A document used to authorize a bank to pay a specified sum of money from the account holder's account to a named individual or entity.

Accounts Payable

This refers to the amounts due by a business to its suppliers or other parties for goods and services received but not yet paid for.

Accounts Payable Transaction

Financial activities related to the money owed by a company to its creditors or suppliers for goods and services received.