Series 7 - General Securities Representative Exam

Preview Mode
Start Training Session

A fund that is trading at a discount to NAV could be a(n)

Open-end Fund
A
Closed-end Fund
B
Fixed Income Mutual Fund
C
Value Mutual Fund
D
Training

Explanations

mutual funds are open-end funds that trade once per day at the NAV. Closed-end funds can trade at a premium or discount to NAV and trade throughout the trading day

Pricing