Open-End Mutual Funds

Multiple Choice

Open-end mutual funds

A) require that NAV consider the amount of discount or premium in the share value.
B) calculate the NAV several time each day based on the total value of assets held divided by the number of fund shares outstanding.
C) may experience fluctuations in the number of shares outstanding on a daily basis.
D) issues shares that can be traded among investors without involving the fund itself.
E) None of the options is correct.