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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 ________.
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Number of shares outstanding. Quotes include net asset value and price, but no information on outstanding shares.
2.
Mutual funds that hold stock may experience increases in their net asset values when stock prices rise.
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True. Rising stock prices raise the values of those mutual funds that include them.
3.
The net asset value of a no-load mutual fund is less than its offering price.
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False. It is the same as its offering price, since there is no sales charge.
4.
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.
5.
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.