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Funds 102: Net Asset Value

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1.
Media quotes of closed-end funds carry all of the following except ________.
Choose wisely. There is only one correct answer.
Number of shares outstanding. Quotes include net asset value and price, but no information on outstanding shares.
2.
The net asset value is the _______ of one share of a mutual fund.
Choose wisely. There is only one correct answer.
Value. It is a value, not a price or an amount.
3.
The public offering price of a mutual fund share is the _______ plus the load.
Choose wisely. There is only one correct answer.
Net asset value. Public offering price = NAV + load.
4.
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.
5.
When a mutual fund makes a distribution to its shareholders, it adds the per-share amount to the net asset value.
Choose wisely. There is only one correct answer.
False. It subtracts the per-share amount.