When the Offer Price and the NAV of a Mutual

question 56

Multiple Choice

When the offer price and the NAV of a mutual fund are equal, it is an indication that

• A) the fund's assets are in equilibrium.
• B) the fund is trading at par.
• C) it is strictly a coincidence.
• D) the fund has no initial fee.
• E) the fund is backloaded.

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