To find out the value of your investment in a mutual fund each day, what should

Question

To find out the value of your investment in a mutual fund each day, what should you do? Multiply the number of shares of the fund you own by its NAV (net asset value) Calculate the NPV (net present value) of the fund. Use the PV (present value) function in excel with the correct arguments in the brackets You can't find the value each day - they don't report their values daily If you borrow shares of a stock from someone, sell them, and then buy them back later and return them, this is called Illegal Shorting the stock Buying on margin Leveraging the stock Which of the following is an advantage of a well-diversified investment portfolio? It is unlikely you will lose any money It is unlikely you will lose all your money You will probably get a higher return than from an undiversified portfolio Both A and B are correct Which of the following is a source of retirement income where you will never pay taxes on the money you take out (receive) during retirement? Roth IRA Social Security 401 (k) All the above

Explanation / Answer

22. NAV (net asset value) of a muual fund is its market value per unit.

To find out the value of your investment in a mutual fund each day, you should multiply the number of shares of the fund you own by its NAV (net asset value).

The correct answer is A.

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