For Most Mutual Funds, the Net Asset Value Is Calculated

question 48

Multiple Choice

For most mutual funds, the net asset value is calculated:

• A)daily.
• B)quarterly.
• C)weekly.
• D)yearly.
• E)whenever an investor calls and requests a price quote.

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Definitions:

Articles of Incorporation

A document that establishes the existence of a corporation and includes fundamental details like the corporation's name, purpose, and structure.

Volume of Business

The total amount of business conducted within a specific period, often measured in terms of sales numbers or transactions.

Defendant

A person or entity against whom a lawsuit is filed in a court of law.

Summons

A legal document issued by a court and addressed to a defendant that notifies him or her of a lawsuit and specifies how and when to respond to the complaint. A summons may be used in both civil and criminal proceedings.