A client recently purchased a sizeable number of mutual fund shares and knows that the Net Asset Value will change daily. The customer asks the RR how the NAV number is computed. Which of the following best describes the computation to arrive at NAV per share?
(A) NAV per share is calculated by finding the average value on a per share basis over the previous quarter.
(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.
(C) NAV per share is calculated by taking the total value of the portfolio of the fund, adding sales charges received, and then dividing this figure by the total number of shares currently outstanding.
(D) NAV per share is calculated by finding the total appreciation of the portfolio and dividing this figure by the total number of shares outstanding.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A client recently purchased a sizeable number of mutual fund shares and knows that the Net Asset Value will change daily. The customer asks ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Select the incorrect statement concerning responsibility reports. The reports should show clearly the budgeted and actual amounts of controllable revenues and expenses. The reports should be stated in simple terms.
Answers (1)
After every quarterly board meeting, Bernice's Bracelets, Inc. announces big changes. They usually do not follow through on these changes.
Answers (2)
Remmel Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Answers (1)
Which of the following industries-large, publicly traded u. s.-based manufacturing firms-will be more dependent on international sales?
Answers (1)
On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191,000.
Answers (1)
New Questions in Business
The following production data were taken from the records of the finishing department for June:Inventory in process, June 1, 25% completed 1,500 unitsTransferred to finished goods during June 5,000 unitsEquivalent units of production during June
Answers (1)
Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $500 per month for 20 years.
Answers (1)
James is an auditory learner. what is the best way for him to process his notes
Answers (2)
Sally is a cash basis taxpayer and a member of the Valley Barter club. This year Sally provided 100 hours of sewing services to the barter club in exchange for two football playoff tickets.
Answers (1)
One study of 195 critical incidents in banking and medical settings showed that a major difference between effective and ineffective listening was
Answers (1)