LUTCF Course 2 Practice Questions - LUTCF Course 2 Investment And Protection Products Exam

An open-end mutual fund computes the price at which investors buy and redeem shares using which value?

The intraday bid-ask midpoint The net asset value (NAV) calculated once per trading day The fund's most recent quarterly book value The closing price on a stock exchange

Correct Answer:

The net asset value (NAV) calculated once per trading day

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