What does NAV stand for?
A) new archive value
B) net asset value
C) net allocation variety
D) new asset venture
E) net allocation venture
B
Explanation: B) The net asset value (NAV) is calculated at the end of each trading day. The end-of-day NAV is the new value of each share of the mutual fund. The NAV increases as the securities held by the fund increase in value. If you sell your mutual fund holding at a higher NAV than when you bought it, you will generate a profit.
You might also like to view...
For an organization's human resource division, "customers" are the organization's top management.
Answer the following statement true (T) or false (F)
Consider Figure 5.6. In the global market for wine, the EU is willing to supply as much wine as the U.S. demands at $8 per bottle. If the U.S. imposes a quota of 15 bottles of wine, how much wine will U.S. consumers demand, how much wine will U.S. producers produce and how much wine will be imported?
a. 30 bottles, 20 bottles, 10 bottles b. 40 bottles, 25 bottles, 15 bottles c. 30 bottles, 30 bottles, 0 bottles d. 30 bottles, 15 bottles, 15 bottles
Revel Inc., a cell phone manufacturer, launched its new range of smartphones that could only be purchased on the company's official Web site and not at retail outlets. This limitation may be attributed to the _____ element of Revel's marketing mix
a. evaluation b. promotion c. price d. distribution
The IRR of normal Project X is greater than the IRR of normal Project Y, and both IRRs are greater than zero. Also, the NPV of X is greater than the NPV of Y at the cost of capital. If the two projects are mutually exclusive, Project X should definitely be selected, and the investment made, provided we have confidence in the data. Put another way, it is impossible to draw NPV profiles that would suggest not accepting Project X.
Answer the following statement true (T) or false (F)