Shareholders purchase and sell a fund at the fund?s net asset value (NAV), which is calculated daily. NAV is the price used for all Mutual fund share transactions which include

Shareholders purchase and sell a fund at the fund?s net asset value (N

1.	Shareholders purchase and sell a fund at the fund?s net asset value (NAV), which is calculated daily. NAV is the price used for all Mutual fund share transactions which include
Answer» New purchases Sales (redemptions) Exchanges from one fund to another within the same fund family All of these SOLUTION :The NAV is the price USED for all mutual fund share transactions-new purchases sales (redemptions), and exchanges from one fund to another within the same fund family. It REPRESENTS the current mark-to-market value of all the fund's assets, minus liabilities (e.g., fund expenses) divided by the total number of outstanding shares. Mutual funds release their daily NAVS to investors and others after they complete the pricing PROCESS.