Final answer:
The net asset value of most mutual funds is calculated daily at the close of the trading day. This valuation reflects the fund's current assets and liabilities and informs investors of the per-share value of the mutual fund. Option 5 is correct.
Step-by-step explanation:
The question relates to the frequency at which the net asset value (NAV) of mutual funds is calculated. For most mutual funds, the NAV is calculated at the end of each trading day. This means that at the close of the stock market, typically 4:00 p.m. Eastern Time in the U.S., the fund's assets and liabilities are assessed, and the NAV per share is determined based on this information.
For most mutual funds, the net asset value is calculated at the close of trading each day. This means that the value of the fund's assets, minus its liabilities, is determined at the end of the trading day. It is important to note that the net asset value can fluctuate throughout the day as the fund's assets are bought and sold.