Series 7 - General Securities Representative Exam
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Which of the following is TRUE of POP & NAV?
POP can be higher than the NAV
A
POP is always the same as the NAV
B
NAV is never the same as POP
C
NAV and POP refer to Municipal Bonds
D
Explanations
POP (Public Offering Price) and NAV (Net Asset Value) for Mutual Funds are the same for funds that don't have up front sales charges; but they are not ALWAYS the same. POP can be higher than NAV in funds that have sales loads.