The Net Asset Value (NAV) Per Share of a Mutual

question 22

True/False

The net asset value (NAV) per share of a mutual fund is determined by the market value of securities owned minus liabilities divided by the number of mutual fund shares outstanding.

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Definitions:

Neglect

Failing to care for something or someone properly, often leading to harm or a lack of attention that is necessary for well-being.

Growth Chart

Used to record infant and child growth and development up to 20 years of age.

Percentile

Any value in a series dividing the distribution of its members into 100 groups of equal frequency.

Pediatrics

The branch of medicine that involves the medical care of infants, children, and adolescents.