Practice Quiz

FINRA Series 7

Category - Series 7

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Which of the following pairs of terms are synonyms in connection with most mutual funds?
  1. net asset value and offering price
  2. selling price and bid price
  3. net asset value and redemption price
  4. bid price and management fee
Explanation
Answer: C - net asset value and redemption price. Investors redeeming shares of mutual funds receive the net asset value.
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