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.

---

Definitions:

New Immigrants

Refers to the wave of immigrants that came to the United States from the 1880s to the early 20th century, many from Southern and Eastern Europe.

Southern Europe

A region of Europe that includes countries such as Italy, Spain, Greece, and Portugal, known for its distinct culture and history.

Eastern Europe

A region that lies primarily to the east of Europe and consists of countries that vary widely in cultural, economic, and historical contexts.

Freedom of Contract

The legal principle that allows individuals to enter into and enforce contracts freely, without undue interference, reflecting a core aspect of market economies and personal autonomy.