Question: Question 16 3 pts How and when (typically) is the purchase price determined for a typical mutual fund, such as the Vanguard S&P 500 Index

Question 16 3 pts How and when (typically) is the purchase price determined for a typical mutual fund, such as the Vanguard S&P 500 Index Fund? The price is calculated based on Net Asset Value throughout the day. O The market determines the price throughout the day based on supply and demand. The price is calculated once a year for the fund prospectus. O The price is calculated based on Net Asset Value at least once a day typically at the end of the day. -- O Prices are indeterminate

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