If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at _____. Group of answer choices the real time NAV the NAV calculated at the market close at 4 pm New York time the NAV delayed 15 minutes the NAV calculated at the opening of the next day's trading
If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at _____. Group of answer choices the real time NAV the NAV calculated at the market close at 4 pm New York time the NAV delayed 15 minutes the NAV calculated at the opening of the next day's trading
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at _____.
Group of answer choices
the real time NAV
the NAV calculated at the market close at 4 pm New York time
the NAV delayed 15 minutes
the NAV calculated at the opening of the next day's trading
Expert Solution
Step 1
NAV at closing is considered for order placement.
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