The net asset value of a mutual fund increased from $12.03 to $13.53, but its price per share increased by only $1.26. This information indicates that the fund
A) paid out $1 in capital gains.
B) paid out $1 in dividends.
C) is a closed-end fund.
D) is an open-end fund.
Correct Answer:
Verified
Q31: Like ordinary stocks, exchange -traded funds (ETFs)
Q32: The commission charged when shares of an
Q33: Which of the following characteristics apply to
Q34: A closed-end fund with an NAV of
Q35: Advantages that ETFs have over funds that
Q37: An open-end investment company
A) is involved in
Q38: The net asset value is the price
Q39: Mutual fund fees are disclosed in the
Q40: Hedge funds are subject to the same
Q41: Soon after the Great Recession of 2008-2009,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents