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15 January, 01:27

Which of the following expressions is equal to the total proceeds of a mutual fund?

a.

net assets times number of shares

b.

net asset value times number of shares

c.

offer price times number of shares

d.

profit minus investment

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Answers (2)
  1. 15 January, 01:33
    0
    Which of the following expressions is equal to the total proceeds of a mutual fund?

    The correct answer is option B: net asset value times number of shares

    Net asset value represents a fund's per unit market value. This is the price at which investors buy fund units from a fund company or sell it back to the fund house. It is calculated by dividing the total value of all the assets in a portfolio, minus all its liabilities.
  2. 15 January, 01:49
    0
    net asset value x number of shares
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