MUTUAL FUNDS
Shares purchased formula?
Amount invested - any charges/ the Value per share.
Mutual funds are no longer a very popular investment.
False
When you buy a mutual fund, you purchase a share of a collection of investments.
True
Formula for value per share?
Value per share = Market Value ÷ Shares Issued
net asset value
assets minus liabilities
loading rate
determines sales and transactions fees
load
fee that the fund charges when shares are purchased
no load
fund that does not have a fee
mutual fund
investment instrument in which you purchase a part of a collection of investments
If a mutual fund does not charge a fee when the fund is purchased, it is called a -------- fund.
no load
share
percentage ownership in the mutual fund
The collection of investments in a mutual fund is called a
portfolio
portfolio
the collection of investments in the mutual fund