The net asset value (NAV)of a mutual fund is the total value of the securities it owns (minus any liabilities)divided by the number of shares issued by the fund.

Name: The net asset value (NAV)of a mutual fund is the total value of the securities it owns (minus any liabilities)divided by the number of shares issued by the fund.
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This is the correct definition of NAV for a mutual fund. It represents the value of each share in the fund based on its underlying investments.

The Net Asset Value (NAV)of a Mutual Fund Is the Total