Products & RisksCâu 19 / 125
The public offering price (POP) of a mutual fund share with a front-end sales load is calculated as:
a.Net asset value minus the sales charge
b.The market price set by exchange trading
c.Net asset value plus the sales charge
d.A fixed price set by FINRA
Giải thích
For a front-end load fund, the public offering price equals the net asset value per share plus the sales charge. Investors buy at the POP and, absent a load, redeem at NAV. Closed-end funds, by contrast, trade at market prices that may be above or below NAV.
Trích dẫn luật: Investment Company Act of 1940Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Using a conversion ratio of 25 shares per bond, at what common stock price is a convertible bond trading at parity with a bond market price of $1,050?
- A call feature on a corporate bond primarily benefits:
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- A mutual fund share has a net asset value (NAV) of $19.05 and a maximum sales charge of 5%. What is the public offering price?
- A breakpoint in a front-end load mutual fund refers to:
- An exchange-traded fund (ETF) differs from a traditional open-end mutual fund primarily because an ETF:
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