5-71 Net Asset Value Is Found by

question 84

Multiple Choice

5-71 Net asset value is found by

• A)subtracting the daily market value of the fund's asset portfolio from the previous days' value.
• B)dividing the cumulative value of all asset positions held by the fund by the total number of asset shares held by the fund
• C)computing the daily market value of the fund's total asset portfolio and then dividing this amount by the number of mutual fund shares outstanding.
• D)comparing the daily market value of the fund's total asset portfolio with that of its peers.
• E)subtracting expenses,commissions,and dividends from the fund's total asset portfolio

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials, labor, and overhead.

Payment Terms

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay off the amount due.

Price Reduction

Price reduction refers to the lowering of the selling price of goods or services, often to increase demand or respond to market competition.

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and liability of goods at the point of departure from the seller's shipping dock.