The Price at Which Shares of an Open-End Mutual Fund

question 21

Multiple Choice

The price at which shares of an open-end mutual fund are issued and redeemed is based on the fund's _____.

• A)face value per share
• B)open-end fund
• C)net asset value per share
• D)closed-end fund

---

Definitions:

Contribution Margin

The amount of revenue from sales that exceeds variable costs, contributing to covering fixed costs and generating profit.

Dollar Sales Volume

The total revenue generated from the sale of goods or services, expressed in monetary terms.

Target Net Profit

A specific financial goal for net income that a company aims to achieve within a certain period.

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, showing the proportion of sales revenue that exceeds variable costs.