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Funds 102: Net Asset Value

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1.
The net asset value of a no-load mutual fund is less than its offering price.
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False. It is the same as its offering price, since there is no sales charge.
2.
Changes in the amount of cash a fund has to invest in securities can affect its net asset value by ______.
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Altering the amount available for buying securities. This, in turn, can affect the total value of the fund's assets.
3.
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.
4.
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.
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False. The "Chg." column states the change over the previous day.
5.
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.