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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.
A closed-end fund with a net asset value of 11 and a price of 12 is selling at a discount.
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False. It is selling at one dollar above its net asset value.
3.
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.
4.
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.
5.
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.
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False. The "Chg." column states the change over the previous day.