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

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

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.

You invest in an open-ended mutual fund with an MER of 0.5%. One year ago, the fund’s NAV was $20. This past year, the stocks held by the fund increased by 10% on average. What is the NAV today? Do not include the $ sign and answer to the nearest $0.01.

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