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What occurs when the obvious solution to a problem is prohibited by institutional constraints?
NAV
NAV, or Net Asset Value, represents the per-share market value of a fund's assets minus its liabilities, crucial for evaluating investment funds.
Money Market Funds
Investment funds that pool money from investors to purchase short-term, high-quality debt securities and aim to provide returns with lower risk.
Equity Funds
Mutual funds that invest primarily in stocks, aiming for growth by capital gains rather than income from dividends or interest.
Bond Funds
Investment funds that exclusively invest in bonds, offering investors exposure to the fixed income market.
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