5-53 Open-End Mutual Funds

question 92

Multiple Choice

5-53 Open-end mutual funds

• A)require that NAV consider the amount of discount or premium in the share value.
• B)calculate the NAV based on the total value of assets held divided by the number of fund shares outstanding.
• C)may experience fluctuations in the number of shares outstanding on a daily basis.
• D)All of the above.
• E)Answers B and C only.

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Definitions:

Closed-Ended

Pertaining to a type of question or survey item that provides a limited set of specific answers from which respondents must choose, often facilitating easier analysis.

Leading

The act of directing or guiding individuals or groups towards a goal or desired outcome.

Negative Questions

Survey questions that ask respondents what they don’t think instead of what they do think.

Belittle

To disparage or diminish the importance or value of someone or something in a derogatory manner.