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.
In a mutual fund table, the "YTD%" column shows the _______.
Choose wisely. There is only one correct answer.
Change in net asset value. "YTD%" is the percent change of NAV of the year to date.
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.
False. It is selling at one dollar above its net asset value.
3.
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.
4.
Changes in the amount of cash a fund has to invest in securities can affect its net asset value by ______.
Choose wisely. There is only one correct answer.
Altering the amount available for buying securities. This, in turn, can affect the total value of the fund's assets.
5.
How does a mutual fund's sales load affect its net asset value?
Choose wisely. There is only one correct answer.
It doesn't affect it. A load is added to a net asset value when shares are sold, but it does not affect the net asset value itself.