When the Offer Price and the NAV of a Mutual

question 58

Multiple Choice

When the offer price and the NAV of a mutual fund are equal it is an indication that

• A) The fund's assets are in equilibrium.
• B) The fund is trading at par.
• C) It is strictly a coincidence.
• D) The fund has no initial fee.
• E) The fund is backloaded.

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Definitions:

Buying Role

Describes the activities and responsibilities of individuals or entities involved in purchasing decisions or transactions in various contexts.

Preapproach Stage

The phase in the sales process where research and planning are conducted before making initial contact with a potential customer.

International Sales

International sales involve the selling of goods and services across national borders, requiring knowledge of various markets, cultures, and regulations.

Cold Canvassing

A sales technique where individuals or businesses are approached without prior contact or relationship, often used to solicit new customers or gather information.