No-Load Funds Sell

question 52

Multiple Choice

No-load funds sell:

• A) at net asset value.
• B) below net asset value.
• C) above net asset value.
• D) at a discount.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.

Cash Flow Statement

A financial report that tracks the amount of cash and cash equivalents entering and leaving a company.

Amortization

The process of gradually writing off the initial cost of an asset over a period, often used for intangible assets like patents and copyrights.

Bond Discount

The difference between the face value of a bond and the price for which it sells when the selling price is lower than its face value.