Investment VehiclesCâu 22 / 110
An open-end investment company (mutual fund) sells and redeems its shares at which price?
a.A price negotiated between buyer and seller on an exchange
b.The previous day's closing market price
c.The net asset value per share, calculated at the next computed valuation
d.A fixed price set at the fund's inception
Giải thích
Open-end mutual fund shares are bought and redeemed based on net asset value (NAV) computed at the next valuation point, a practice known as forward pricing. They are not traded between investors on an exchange. Closed-end funds, by contrast, trade at market prices that may differ from NAV.
Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
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