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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