All Courses > Funds > 100
Funds 102: Net Asset Value

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Net asset value is the price you pay for a share of a mutual fund.
Choose wisely. There is only one correct answer.
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.
2.
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.
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 "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.
5.
Mutual funds that hold stock may experience increases in their net asset values when stock prices rise.
Choose wisely. There is only one correct answer.
True. Rising stock prices raise the values of those mutual funds that include them.