Question of the Week

Which of the following terms are associated with the purchase/redemption of open-end investment company shares?

a) Forward pricing
b) Current business day close
c) At the money
d) 90-day backdating


Answer:

The correct answer is a.

Forward pricing is the SEC Rule that requires all transactions in open-end investment company shares to be based on the next calculation of the fund’s Net Asset Value (NAV).


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