CFA Practice Question

CFA Practice Question

The NAV per share of an investment company equals the ______ of all its assets ______ the number of fund shares outstanding.
A. total market value; divided by
B. the per-share value; divided by
C. the per-share value; multiplied by
Explanation: Net Asset Value (NAV) per share = (Total market value of all assets / Number of outstanding fund shares)

User Contributed Comments 1

User Comment
raywen8 I thought nav per share =( ttl mkt val - liabilities )/ttl share o/s. Can anyone please explain?
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