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Funds 102: Net Asset Value

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1.
The net asset value is the _______ of one share of a mutual fund.
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Value. It is a value, not a price or an amount.
2.
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.
3.
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.
4.
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.
5.
The net asset values of closed-end funds are calculated in the same way as those of open-end funds.
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True. Whether the funds are open-end or closed-end has no bearing on how their net asset values are calculated.