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100
Funds 102:
Net Asset Value
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Choose wisely. There is only one correct answer to each question.
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1.
The public offering price of a mutual fund share is the _______ plus the load.
Choose wisely. There is only one correct answer.
Number of shares
Load
Net asset value
Net asset value. Public offering price = NAV + load.
2.
A closed-end fund with a net asset value of 11 and a price of 12 is selling at a discount.
Choose wisely. There is only one correct answer.
True
False
False. It is selling at one dollar above its net asset value.
3.
Mutual funds that hold stock may experience increases in their net asset values when stock prices rise.
Choose wisely. There is only one correct answer.
True
False
True. Rising stock prices raise the values of those mutual funds that include them.
4.
The net asset value is the _______ of one share of a mutual fund.
Choose wisely. There is only one correct answer.
Price
Value
Available amount
Value. It is a value, not a price or an amount.
5.
The "Chg." column in a mutual fund table notes how much the fund's net asset value has changed since the beginning of the year.
Choose wisely. There is only one correct answer.
True
False
False. The "Chg." column states the change over the previous day.
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