There are some states where gambling in all its forms is illegal, and also states where itâs all legal. In the majority of states, some forms are legal while other forms are not. Things get even more complicated when it comes to gambling over the internet.
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For funds with a fluctuating price per share, the net asset value (NAV) is the market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.