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Funds 102: Net Asset Value

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1.
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.
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.
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.
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.
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.