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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305.
Answers (1)
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,000. For each of the next 5 years, he expects his salary to increase at an 10% annual rate, and he plans to increase his savings at the same 10% rate.
Answers (1)
Write a statement that increments total by the value associated with amount. That is, add the value associated with amount to that associated with total and assign the result to total.
Answers (1)
Encapsulation is one of the important features of objects (in object-oriented programming in which a subclass inherits the properties, methods, and events of the class to which it belongs. a. True b. False
Answers (1)
You just won the $87 million Ultimate Lotto jackpot. Your winnings will be paid as $2,900,000 per year for the next 30 years. If the appropriate interest rate is 6.2 percent, what is the value of your windfall
Answers (1)
New Questions in Business
What is difficult about using cost-benefit analysis to estimate the level of a public good that will maximize social welfare? It is difficult to estimate the marginal costs of supplying a public good.
Answers (1)
Suppose the town of Boone has a total population of 50,000 people. Of those, 46,000 people are employed. There are 2,000 full-time students who are not employed or actively seeking work.
Answers (1)
Sadie sold 12 shares of stock to her brother, George, for $640 16 months ago. Sadie had purchased the stock for $880 two years earlier.
Answers (1)
The Fed regulates banks but has little authority over bank holding companies.
Answers (1)
Shared values among employees are the glue of successful management a. True b. False
Answers (1)