Bob is confused about how the pricing of the open-end mutual fund he owns is actually calculated.
Question:
Bob is confused about how the pricing of the open-end mutual fund he owns is actually calculated. Bob sees that stock prices have increased, yet the market value of his mutual fund, as determined by the NAV, has declined. Bob thinks that this should not happen. How would you explain this to Bob?
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When a shareholder in a mutual fund redeem...View the full answer
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Related Book For
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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