The net realisable value of a mutual fund unit is known as ___________.(1.0 Marks)Assets Under ManagementAEntry LoadBNet Asset ValueCExit Load

he current realisable value per unit of mutual fund is known as ___________.(1.0 Marks)Net Asset Value (NAV)AEntry LoadBAssets Under Management (AUM)CNew Fund Offer (NFO)

What is the NAV (Net Asset Value) of mutual funds?(1.0 Marks)It Represents A Fund's Per Unit Market ValueAIt Is The Price To Be Paid To Transact On The Stock MarketBIt Is A Convenient Mode Of PaymentCIt Is An Opinion About The Company's Share Price

Current value of your mutual fund investments = ____________.(1.0 Marks)Your Unit Balance Plus The Fund's NAVAYour Unit Balance Minus The Fund's NAVBYour Unit Balance Divided By The Fund's NAVCYour Unit Balance Multiplied By The Fund's NAV

For simplicity, suppose a mutual fund only owns shares of two stocks: 1 million shares of WMT, currently worth $108 per share and 2 million shares of NKE at $80 per share. The fund has accrued liabilities (mostly unpaid management fees) of $2 million. The fund has 5 million units outstanding. What is the NAV? Do not include the $ sign and answer to the nearest $0.01.

During New Fund Offer (NFO), units are issued at2 pointsa) Issue Priceb) Face Valuec) Net Asset Valued) Market Price