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What is the correct denominator for the repeated-measures F-ratio?
Net Asset Value
The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine each share's price.
Investment Company
A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities, such as stocks, bonds, and other assets.
Liabilities
Financial obligations or debts that a company owes to others, which must be paid back in the future.
Vanguard 500 Index Fund
A mutual fund that aims to replicate the performance of the S&P 500 Index, providing investors with broad exposure to 500 of the largest U.S. companies.
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