Law High School

Which of the following expressions is equal to the total investment of a no-load mutual fund?
a. net assets = number of shares
b. net asset value = number of shares
C. net asset value x number of shares
d. offer price x number of shares

Answers

Answer 1

Answer:

C. net asset value x number of shares

Explanation:

Got it right edge2020

Answer 2

Net asset value x number of shares is equal to the total investment of a no-load mutual fund. Hence, option C is correct.

What is Net asset value?

The "net asset value," or "NAV," of an investing company is the total of its assets minus the total of its liabilities. For example, if an investment company owns securities and other assets worth $100 million, $10 million in liabilities, and $90 million in total assets, its NAV will be $90 million.

Adding up a fund's assets and subtracting its liabilities yields its NAV. For instance, if a fund's investments are worth $100 million and it has $10 million in liabilities, its NAV will be $90 million. In addition, if the fund has one million outstanding shares, the NAV per share will be $90.

NAV often falls within a certain range or is equivalent to book value. Usually, companies with promising growth prospects are valued higher.

Thus, option C is correct.

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