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Thursday, April 24, 2014 5:35:44 AM
What is a mutual fund's N.A.V.?
The Net Asset Value (NAV) is the current price of a mutual fund, which is calculated at the end of each business day. It is the total value of the fund's assets minus its liabilities and divided by the total number of shares outstanding. It is similar to a stock's closing price for the day.
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