The Net Asset Value (NAV)of a Mutual Fund Is the Total

question 19

True/False

The net asset value (NAV)of a mutual fund is the total value of the securities it owns (minus any liabilities)divided by the number of shares issued by the fund.

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Definitions:

Carcinoma

A type of cancer that begins in the skin or the tissue lining organs, such as the liver or kidneys.

Epithelial Tissue

A type of bodily tissue that lines the outer surfaces of organs and blood vessels, as well as the interior of hollow structures.

Endoscopy

A medical procedure that allows a doctor to inspect and observe the inside of the body without making large incisions, using an instrument called an endoscope.

Nervous

Pertaining to the nervous system, which includes the brain, spinal cord, and peripheral nerves, or feeling anxious and apprehensive.