If NAV > Market Price of a Fund, Then the Fund

question 66

Multiple Choice

If NAV > market price of a fund, then the fund:

• A) is selling at a discount.
• B) is selling at a premium.
• C) is an index fund.
• D) is an ETF.

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Definitions:

Ag+

A silver ion, typically carrying a single positive charge, often used in silver compounds or in photography.

Chlorine

A highly reactive halogen element used in water purification, disinfectants, and in the production of chlorinated compounds.

Formula

A mathematical or symbolic representation of relationships among entities or for solving a problem.

Ionic Compound

An ionic bonded substance formed from ions interconnected by electrostatic attractions.