The price an investor can sell his shares of an open-end mutual fund share is its net asset value.

Question

Quizplus · Accepted Answer

The net asset value (NAV) of an open-end mutual fund is calculated by dividing the total value of the fund's assets by the number of outstanding shares. An investor can sell his shares at the current NAV of the fund, which is calculated at the end of each trading day. Therefore, the price an investor can sell his shares of an open-end mutual fund share is its NAV.

The Price an Investor Can Sell His Shares of an Open-End