Which financial term represents the price per unit of a UITF?

The price per unit of a Unit Investment Trust Fund (UITF) is referred to as NAVPU, which stands for Net Asset Value Per Unit. NAVPU is a critical financial metric, as it represents the total assets of the fund minus any liabilities, divided by the number of units outstanding. This value indicates the worth of each individual unit held by investors in the UITF.

NAVPU fluctuates based on the performance of the underlying assets within the fund, which can include stocks, bonds, or other securities. By understanding NAVPU, investors can determine the value of their investment in the UITF at any given time, making it an essential term for anyone involved in UITF investments.

The other terms serve different purposes in finance and do not relate specifically to the pricing of UITFs. IRR (Internal Rate of Return) measures the profitability of potential investments, ROC (Return on Capital) assesses the return generated from capital invested, and YTM (Yield to Maturity) provides the total return anticipated on a bond if held until it matures. None of these terms convey the unit price information relevant to UITFs like NAVPU does.