At Issue, Offering Prices of Open-End Funds Will Often Be

question 43

Multiple Choice

At issue, offering prices of open-end funds will often be

• A) less than NAV due to loads.
• B) greater than NAV due to loads.
• C) less than NAV due to limited demand.
• D) greater than NAV due to excess demand.
• E) less than or greater than NAV with no apparent pattern.

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Definitions:

Buy Back

A financial transaction in which a company purchases its own shares from the marketplace, reducing the amount of outstanding stock.

Resell

The act of selling a product or service that one has purchased to another buyer, often to achieve a profit or dispose of unwanted goods.

Central Processing Units

The primary component of a computer that performs most of the processing inside a computer to execute instructions from both hardware and software.

Systems Competition

A form of competition that occurs not just between individual products or services, but between entire systems or platforms.