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Funds 102: Net Asset Value

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1.
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.
False. The "Chg." column states the change over the previous day.
2.
A closed-end fund with a net asset value of 11 and a price of 12 is selling at a discount.
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False. It is selling at one dollar above its net asset value.
3.
The net asset value is the _______ of one share of a mutual fund.
Choose wisely. There is only one correct answer.
Value. It is a value, not a price or an amount.
4.
The public offering price of a mutual fund share is the _______ plus the load.
Choose wisely. There is only one correct answer.
Net asset value. Public offering price = NAV + load.
5.
When a mutual fund makes a distribution to its shareholders, it adds the per-share amount to the net asset value.
Choose wisely. There is only one correct answer.
False. It subtracts the per-share amount.