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Funds 102: Net Asset Value

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1.
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.
2.
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.
Choose wisely. There is only one correct answer.
False. The "Chg." column states the change over the previous day.
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.
The net asset values of closed-end funds are calculated in the same way as those of open-end funds.
Choose wisely. There is only one correct answer.
True. Whether the funds are open-end or closed-end has no bearing on how their net asset values are calculated.
5.
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.