How is the price per share of an open-ended mutual fund determined?
A) Number of outstanding shares divided by the net value of the fund's total assets
B) Net value of the fund's total assets less any liabilities divided by the number of outstanding shares
C) Net value of the fund's total assets divided by the number of outstanding shares
D) Average value of the fund's total assets divided by the number of outstanding shares
Correct Answer:
Verified
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