What was the initial amount of assets under management in Pete's mutual fund?

Understanding Pete's Mutual Fund

Interactive Video
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Business
•
9th - 12th Grade
•
Hard

Liam Anderson
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$1,500
$500
$1,000
$2,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does NAV stand for in the context of mutual funds?
Net Asset Value
New Asset Value
National Asset Value
Nominal Asset Value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an open-ended mutual fund handle new investors?
By increasing the management fee
By creating new shares
By reducing the NAV
By selling existing shares
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the total NAV when five new investors buy shares at $200 each?
It doubles
It increases by $1,000
It remains the same
It decreases by $1,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Pete's management fee percentage?
1%
0.5%
2%
1.5%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the NAV per share after Pete's fund experienced a negative 10% return?
$200
$180
$150
$160
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the NAV per share when an investor redeems their share?
It becomes zero
It remains unchanged
It increases
It decreases
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