The value of load mutual fund’s assets less its liabilities divided by the number of shares outstanding is referred to as the fund’s ___.
A. net asset value
B. offering price
C. open-ended value
D. closed-ended value
Answer:A
The value of load mutual fund’s assets less its liabilities divided by the number of shares outstanding is referred to as the fund’s ___.
A. net asset value B. offering price C. open-ended value D. closed-ended value