A money market mutual fund's total assets increase from $100 to $105 when the fund has 100 shares outstanding. Which of the following will happen?
A) The fund's NAV will rise from $100 to $105.
B) The fund's NAV per share will rise from $1 to $1.05.
C) The fund will issue a total of five new shares.
D) The fund's NAV will fall 5 percent.
E) The fund will close to new investors.
Correct Answer:
Verified
Q33: A fund has a NAV of $30
Q34: As the economy weakens,one would expect investment
Q35: You have $12,500 to invest and you
Q36: The largest proportion of long-term mutual fund
Q37: By type of fund,there are more _
Q39: Hedge funds charge expense fees and performance
Q40: You have $10,000 to invest and you
Q41: Why do many mutual funds now offer
Q42: Which of the following is not considered
Q43: On Monday an equity mutual fund has
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