the book value of a mutual fund, calculated by subtracting the fund’s expenses from the fair market value of its securities and dividing by the number of shares.
Series 51: Net Asset Value (NAV)
Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam
Definition of the term Net Asset Value (NAV)...
Since you're reading about Series 51: Net Asset Value (NAV), you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!