The Net Asset Value for a mutual fund represents: The percentage change in the value of...

Question

Question

The Net Asset Value for a mutual fund represents:
1. The percentage change in the value of the portfolio on a given day.
2. The portfolio value per share on any given day.
The assets are unmanaged (no buying and selling of assets) in the case of:
1. Closed end funds
2. Unite Investment Trusts

Answer 1

Answer #1

1) Net assets value (NAV): = (Assets – Liabilities)/Number of shares From the above formula we can calculate the portfolio va

Answer 2

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