HKSI Paper 12 Practice Questions - HKSI Licensing Examination Paper 12 - Asset Management Exam

How is the net asset value (NAV) per unit of an open-end fund normally calculated?

Total assets divided by the number of units in issue (Total assets minus total liabilities) divided by the number of units in issue Total liabilities divided by the number of units in issue The latest traded price of the unit on an exchange

Correct Answer:

(Total assets minus total liabilities) divided by the number of units in issue

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