Canadian Securities Course (CSC) Practice Exam · Question
A mutual fund's Net Asset Value Per Share (NAVPS) is calculated as:
NAVPS is determined by subtracting a mutual fund's total liabilities from its total assets and then dividing the result by the number of outstanding units.
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Question: A mutual fund's Net Asset Value Per Share (NAVPS) is calculated as:
Answer options: ✅ (Total Assets - Total Liabilities) / Number of Units Outstanding
- Total Assets / Number of Units Outstanding
- (Total Assets + Total Liabilities) / Number of Units Outstanding
- Total Sales / Number of Units Outstanding
Correct answer: (Total Assets - Total Liabilities) / Number of Units Outstanding
Explanation: NAVPS is determined by subtracting a mutual fund's total liabilities from its total assets and then dividing the result by the number of outstanding units.
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