The net asset value is calculated as

Select one:

A$.($Current market value of portfolio $-$ Liabilities$)/$Number of shares outstanding.

B$.$ Number of shares outstanding$/($Value of portfolio $-$ Liabilities$).$

C$.$ Number of shares outstanding$/($Liabilities $-$ Value of portfolio$).$

D$.($Liabilities $-$ Value of portfolio$)$ Number of shares outstanding.

E$.($Liabilities $-$ Value of portfolio$)/$Number of shares outstanding.