The Net Asset Value Is the Price Per Share an Investor

question 25

True/False

The net asset value is the price per share an investor will pay to acquire shares in a no-load, open-end fund.

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Definitions:

Issuing Company

This is a company or corporation that has released its securities for sale to the public, often through an initial public offering (IPO).

Present Value

The current value of an amount to be received in the future; a future amount discounted for compound interest.

Coupon Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value.