asked 34.4k views
2 votes
Which of the following expressions is equal to the total investment of a no-load mutual fund? A assets ÷ number of B asset value ÷ number of C asset value x number of D price x number of shares

asked
User Staven
by
7.8k points

1 Answer

4 votes

Final answer:

The total investment of a no-load mutual fund is equal to the D. price multiplied by the number of shares.

Step-by-step explanation:

Investors can buy shares of a no-load mutual fund straight from the fund company without having to pay commissions or sales fees. The entire amount invested in a no-load mutual fund is determined by multiplying the share price by the quantity of shares acquired.

Thus, the expression that is generally equal to the total investment of a no-load mutual fund is option D: price x number of shares. In a no-load mutual fund, there are no sales charges or fees associated with buying or selling shares. The price of each share multiplied by the number of shares held represents the total investment in the fund.

answered
User Andreasg
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.