Question
The market value of an open-end equity mutual fund's investments divided by the number of mutual fund shares outstanding is equal to A) the fund's
The market value of an open-end equity mutual fund's investments divided by the number of mutual fund shares outstanding is equal to
A) the fund's 12b-1 fee.
B) the fund's back-end load charge.
C) the fund's expense ratio.
D) the fund's net asset value. (NAV)
E) the fund's management fee.
All of the following are ways that investors can earn returns from mutual funds EXCEPT:
A) Distribution to mutual fund shareholders of interest received on fund investments.
B) Increases in the value of mutual fund investments resulting in higher fund share prices.
C) Distribution of capital gains obtained when mutual fund investments are sold.
D) Distribution to mutual fund shareholders of dividends received on fund investments. E) Increases in front-end load charges and 12b-1 fees.
WILL UP VOTE (Answer Only) THANK YOU!!!
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