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