If NAV > Market Price of a Fund, Then the Fund

question 66

Multiple Choice

If NAV > market price of a fund, then the fund:

• A) is selling at a discount.
• B) is selling at a premium.
• C) is an index fund.
• D) is an ETF.

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Definitions:

Steering Assembly

The collection of components in a vehicle that allows the driver to guide and direct the vehicle in the desired direction.

Parallelogram Linkage

A linkage in the form of a parallelogram that connects a recirculating ball gearbox to the steering knuckle.

Suspension

The system in a vehicle that connects the wheels to the rest of the car, providing a smooth ride by absorbing bumps and vibrations from the road.

Gearbox

A mechanical device used in vehicles for varying power transmission and torque between the engine and the wheels, often by utilizing gears of different sizes.