The Total Market Value of All Assets of a Mutual

question 28

True/False

The total market value of all assets of a mutual fund divided by the number of shares of the fund is known as the net asset value.

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Definitions:

Diffusion

The movement of a substance from an area of high concentration to an area of low concentration.

Drainage

The removal of water or liquid from a place or object, often using pipes or channels.

Phenylketonuria (PKU)

A genetically inherited disorder in which the body cannot properly metabolize the nutrient phenylalanine, resulting in the buildup of phenylketones in the blood and their presence in the urine. The accumulation of phenylketones results in mental retardation.

Albinism

A genetic condition characterized by a lack of melanin pigment, resulting in little or no color in the skin, hair, and eyes.