Help
Course Catalog > Funds > 100
Funds 102: Net Asset Value

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following is not included in the computation of a mutual fund's net asset value?
Choose wisely. There is only one correct answer.
The sales charge. Any sales charges are independent of the net asset value.
2.
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.
3.
The net asset value of a no-load mutual fund is less than its offering price.
Choose wisely. There is only one correct answer.
False. It is the same as its offering price, since there is no sales charge.
4.
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. Rising stock prices raise the values of those mutual funds that include them.
5.
The net asset values of closed-end funds are calculated in the same way as those of open-end funds.
Choose wisely. There is only one correct answer.
True. Whether the funds are open-end or closed-end has no bearing on how their net asset values are calculated.