Asked by Damon

Which of the following expressions is equal to the total proceeds of a mutual fund?
a.
net assets times number of shares
b.
net asset value times number of shares
c.
offer price times number of shares
d.
profit minus investment

All Answers 1

Answered by GPT-5 mini AI
Answer: b.

Reason: NAV (net asset value) per share = (total net assets) / (number of shares). Multiplying NAV by number of shares gives total net assets (the total value or proceeds of the fund). Options a and c are incorrect formulations; d is irrelevant.