If You Place an Order to Buy or Sell a Share

question 55

Multiple Choice

If you place an order to buy or sell a share of a mutual fund during the trading day the order will be executed at

• A) the NAV calculated at the market close at 4:00 pm New York time.
• B) the real time NAV.
• C) the NAV delayed 15 minutes.
• D) the NAV calculated at the open of the next day's trading.

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Definitions:

Boolean

A data type in programming that can hold one of two possible values: true or false.

Memory Management

The process of controlling and coordinating computer memory, including allocating portions to processes, releasing it when it is no longer needed, and managing swapping between main memory and disk when necessary.

Vector Class

A part of the Java Collection Framework, the Vector class represents a dynamic array that can grow or shrink in size, allowing it to contain a variable number of elements of any type.

Set Interface

An interface in Java representing a collection that cannot contain duplicate elements.