Net Asset Value of a Mutual Fund Is the Price

question 84

True/False

Net asset value of a mutual fund is the price one pays (excluding any transaction costs) to buy a share of a mutual fund.

---

Definitions:

Plane Crashes

Tragic accidents involving the failure and crash of an aircraft.

Cognitive Dissonance

A mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time, leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort and restore balance.

Doomsday Group

A collective or organization that predicts or prepares for a catastrophic end of the world.

Formal Reasoning

The cognitive process of thinking logically and systematically about abstract concepts and problems, often associated with the ability to perform operations in a formal operational stage of development.