SIE - Securities Industry Essentials Exam
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When a customer wants to sell their mutual fund, the redemption value is based on
The most recent POP price
A
The next computed POP price
B
The most recent closing NAV price
C
The next computed NAV price
D
Explanations
When a customer wants to redeem their mutual fund, they will receive the next computed NAV price after the redemption order is sent.