NAV
Net Asset Value
NAV - Net Asset Value of a mutual fund
. An investment company computes its assets once or twice daily.
The NAV is the bid or redemption price.
Computed by totaling the market value less all the liabilities divided by number of shares outstanding (total net assets / number of shares outstanding).
If the NAV is at 50, at a 7% break point (sales charge) - what is the offering price?
50 divided by .93 = $53.763.
