6578436
Description
Flashcards by Kyle Olson, updated more than 1 year ago
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Created by Kyle Olson
over 7 years ago
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| Question | Answer |
| Net Asset Value (NAV) | (Market value of assets - liabilities) / # of shares outstanding |
| Mutual fund advantages | -Broad diversification -Professional management -Investor convenience |
| Mutual fund disadvantages | -Can have significant volatility -High management fees and sales commission |
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