The Net Asset Value (NAV)per Share Is Found by Dividing

question 34

True/False

The net asset value (NAV)per share is found by dividing the market value of the fund's securities less the fund's liabilities by the number of shares outstanding.

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Definitions:

Fair 6-Sided Die

A die that has six faces with equal probability of landing on any face when thrown.

Equally Likely

A situation in probability theory where all outcomes are considered to have the same chance of occurring.

Store Clerk

An individual employed in a store to assist with sales and customer service, often responsible for the checkout process, stocking, and other day-to-day tasks.

Age at Retirement

The age at which an individual chooses to leave their long-term employment, transitioning from full-time work to retirement.