Canadian Securities Course (CSC) Level 2 Practice Exam

The correct answer is that the net asset value per share (NAVPS) for mutual funds is calculated weekly. This frequent calculation allows investors to have up-to-date information on the value of their investments and enables the fund to reflect changes in the market value of its underlying assets more promptly.

Mutual funds are required to calculate NAVPS regularly in order to ensure transparency and to provide shareholders with current pricing for their shares. This weekly calculation aligns with industry practices to keep investors informed about the fund's performance and the prevailing market conditions.

The other options suggest less frequent calculations, which would not meet the standards expected in the mutual fund industry for providing timely information to investors. Thus, while monthly, semi-annual, and annual calculations could be included in certain reports, they do not reflect the usual practice regarding NAVPS computation.