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 5 new shares.
D) The fund's NAV will fall 5%.
E) The fund will close to new investors.
Correct Answer:
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