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Funds 102: Net Asset Value

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1.
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.
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.
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.
4.
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.
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.
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