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Question
The net asset value of a mutual fund is found by
A. subtracting the daily market value of the fund's asset portfolio from the previous days' value.
B. dividing the cumulative value of all asset positions held by the fund by the total number of asset shares held by the fund.
C. computing the daily market value of the fund's total asset portfolio and then dividing this amount by the number of mutual fund shares outstanding.
D. comparing the daily market value of the fund's total asset portfolio with that of its peers.
E. subtracting expenses, commissions, and dividends from the fund's total asset portfolio.
Answer
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