Question

100 points If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at O the NAV calculated at the market close ot 4 pm New York time O the real tume NAV O the NAV delayed 15 minutes O the NAV calculated at the opening of the next day's trading References Learning Objective:04-02 Contrast open-e investment trusts, hedge funds and excha Multiple Choice Difficulty: 2 Medium O Type here to search

Answer 1

The NAV calculated at the market close at 4 PM new york time.

The net asset value is calculated when the stock market closes. Stock market closes by 4PM and NAV is calculated. NAV becomes posted by 6 PM EST.