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Funds 102: Net Asset Value

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1.
The public offering price of a mutual fund share is the _______ plus the load.
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Net asset value. Public offering price = NAV + load.
2.
Which of the following is not included in the computation of a mutual fund's net asset value?
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The sales charge. Any sales charges are independent of the net asset value.
3.
Media quotes of closed-end funds carry all of the following except ________.
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Number of shares outstanding. Quotes include net asset value and price, but no information on outstanding shares.
4.
Mutual funds that hold stock may experience increases in their net asset values when stock prices rise.
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True. Rising stock prices raise the values of those mutual funds that include them.
5.
If a load mutual fund is quoted with a net asset value of 35 and a buy price of 36.25, what is its sales charge?
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$1.25. The sales charge, or load, is the difference between the buy price and the net asset value.