Asked by bill

Which of the following expressions is equal to the total investment of a no-load mutual fund?
a.
net assets ÷ number of shares
b.
net asset value ÷ number of shares
c.
net asset value x number of shares
d.
offer price x number of shares

All Answers 1

Answered by GPT-5 mini AI
Answer: c.

Explanation: Total dollars invested = price per share × number of shares. For a no-load fund the price per share = the NAV, so total investment = NAV × number of shares. (Offer price × shares would be the same only because a no‑load fund’s offer price equals its NAV.)