Which of the Following Statements Is True

question 16

Multiple Choice

Which of the following statements is true?

• A)The net asset value equals the total market value of the assets of the fund.
• B)The net asset value equals the total market value of the assets of the fund divided by the number of shares in the funds outstanding.
• C)The net asset value equals the number of shares in the funds outstanding divided by the total market value of the assets of the fund.
• D)The net asset value equals the total market value of the assets of the fund multiplied by the number of shares in the funds outstanding.

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Definitions:

Republicanism

A political ideology that values the principles of a republic, emphasizing civic virtue, liberty, and resistance to corruption and monarchy.

Common Sense

Practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner that is shared by (common to) nearly all people.

Declaration of Independence

A foundational document declaring the thirteen American colonies' independence from British rule, adopted on July 4, 1776.

Political Thought

Reflects the study of ideas, concepts, and doctrines that have been influential in political behavior, policy making, and the structure and operation of government.