Question: Net asset value (NAV) is determined by a. Supply and demand for the investment company stock in the secondary market. b. The total market value

Net asset value (NAV) is determined by a. Supply and demand for the investment company stock in the secondary market. b. The total market value of all its assets multiplied by the number of fund shares outstanding. c. Supply and demand for the investment company stock in the primary market. d. The total market value of all its assets divided by the number of shareholders. e. The total market value of all its assets divided by the number of fund shares outstanding.

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