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Funds 102: Net Asset Value

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1.
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.
2.
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.
3.
Changes in the amount of cash a fund has to invest in securities can affect its net asset value by ______.
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Altering the amount available for buying securities. This, in turn, can affect the total value of the fund's assets.
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.
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.