Net Asset Value
The price per share, or NAV (net asset value), is calculated by dividing the fund's assets minus liabilities by the number of shares outstanding. This is usually calculated at the end of every trading day.
Read more about this topic: Open-end Fund
Famous quotes containing the words net and/or asset:
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—Aeschylus (525–456 B.C.)
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—Katharine Fullerton Gerould (1879–1944)