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Funds 102: Net Asset Value

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1.
In a mutual fund table, the "YTD%" column shows the _______.
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Change in net asset value. "YTD%" is the percent change of NAV of the year to date.
2.
Net asset value is the price you pay for a share of a mutual fund.
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False. It is the value of a share, and it is the price you get when you redeem a share. If the fund is a load fund, you must pay a sales charge in addition to the net asset value.
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.
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.
5.
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.