The Net Asset Value​

question 12

Multiple Choice

The net asset value​

• A) ​is the price of an investment company's shares
• B) is reduced by the loading fee​
• C) declines if the value of the fund's assets are reduced​
• D) measures the quality of the fund's management​

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Definitions:

Chattel Mortgage

A form of secured loan where personal movable property is used as collateral for the loan, without surrendering possession of the property.

Conditional Sales Contract

A contractual arrangement in which the sale of a property or item is not finalized until all the conditions outlined in the contract are met.

Purchase Money Securities Interest

A legal claim that allows a lender to have priority in a debtor's asset, provided the loan was used to purchase the asset.

Security

A document or other thing that stands as evidence of title to or interest in the capital, assets, property, profits, earnings, or royalties of any person or company, including any document commonly known as a security.