The price at which shares of an open-end mutual fund are issued and redeemed is based on the fund's _____.

Name: The price at which shares of an open-end mutual fund are issued and redeemed is based on the fund's _____.
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Question

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The price for issuing and redeeming shares of an open-end mutual fund is based on the net asset value (NAV) per share, which reflects the fund's total assets minus liabilities divided by the number of shares outstanding.

The Price at Which Shares of an Open-End Mutual Fund