The Price at Which an Open-End Investment Fund Stands Ready

question 31

Multiple Choice

The price at which an open-end investment fund stands ready to redeem existing shares is the

• A)strike price.
• B)face value.
• C)book value.
• D)net asset value.
• E)net worth.

---

Definitions:

Input

The resources, materials, or data put into a system, process, or machine to obtain a desired output.

Output

The amount of something produced by a person, machine, or industry.

Function

A mathematical relation in which each element of a domain is associated with exactly one element of a range.

Production Function

An equation or graph that represents the maximum output that can be produced with a given set of inputs, showing the relationship between input and output levels in the production process.