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Funds 102: Net Asset Value

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1.
How does a mutual fund's sales load affect its net asset value?
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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.
2.
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.
3.
When a mutual fund makes a distribution to its shareholders, it adds the per-share amount to the net asset value.
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False. It subtracts the per-share amount.
4.
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.
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.