If a Mutual Fund Has an NAV of $12

question 117

Short Answer

If a mutual fund has an NAV of $12.75 and an offer price of $13.10, what would be the cost of 300 shares?

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Definitions:

Skin Effect

The tendency of electrons to move toward the outside of a conductor in an AC circuit.

High-frequency

Refers to electromagnetic waves with frequencies much higher than those audible to humans, often associated with radio frequencies and microwave communications.

In Phase

A condition that occurs when voltage and current reach all peak values at the same time.

Out of Phase

A condition where two waveforms of the same frequency are not aligned in time, resulting in a phase difference.