What is the fund net asset value

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Reference no: EM132021988

1. Johnson fund has an offer price of $75 and sells at a 4% discount. What is the fund's net asset value?

78.13

78

72.11

72

76.12

2. True/False

-Actively managed mutual funds are designed to outperform a particular benchmark.

-Back-end loads can be used to disincentivize short-term investing.

-Mutual funds allow investors to shift the security selection process to professional money managers.

Reference no: EM132021988

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