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American Bankers Association CTFA Exam - Topic 6 Question 70 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 70
Topic #: 6
[All CTFA Questions]

The approximate per-share NAV plus any fees the fund imposes is the price:

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Suggested Answer: D

by Kimbery at Jul 11, 2024, 03:20 AM

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Geraldine
5 months ago
Wait, isn't it just the NAV without fees?
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Stevie
5 months ago
Definitely A, fees included in the purchase price!
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Launa
6 months ago
Surprised to see people confused about this!
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Portia
6 months ago
I disagree, B is the right answer for redemptions.
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Maurine
6 months ago
A is correct! That's how mutual funds work.
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Lilli
6 months ago
I wonder if D could be correct since all options seem related to NAV in some way, but I'm leaning towards A for the purchase price.
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Terina
6 months ago
I feel like we covered a similar question in practice, and it was about how fees affect the purchase price. So, A seems right to me.
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Jamal
7 months ago
I'm not entirely sure, but I remember something about NAV being important for redemptions too. Could it be B?
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Lizbeth
7 months ago
I think the answer might be A, since that's what we discussed about how mutual funds are priced for investors.
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Elouise
7 months ago
This is a good test of my understanding of mutual fund pricing. I'm pretty confident the correct answer is D - all of these, since the question covers both the purchase and redemption prices, as well as the NAV.
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Brent
7 months ago
Okay, let me think this through. The question is asking about the price investors pay or receive, so I'm guessing the right answer has to do with the NAV plus any applicable fees. I'll go with A on this one.
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Devorah
7 months ago
Hmm, I'm a little unsure about this one. I know the NAV is important, but I'm not totally clear on how the fees factor in. I might need to review my notes before answering.
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Stephanie
7 months ago
This seems like a pretty straightforward question about mutual fund pricing. I think I've got a good handle on this concept, so I'll go with option B.
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Jina
7 months ago
I thought
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Marvel
7 months ago
I remember studying about Cisco solutions, and it seems like CSM might be more for legacy ASAs. Wasn't there a practice question about migrating to FTD?
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Isabella
7 months ago
Okay, I think I've got this. The key is that the second LSA has a higher sequence number, so R3 should install that one and flood it to its neighbors. Option D looks like the correct answer.
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Carmen
12 months ago
NAV? More like 'not a viable' answer, amirite? This is why I stick to index funds - no hidden fees, just pure index goodness.
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Rory
12 months ago
Wait, is this a trick question? Are they trying to get us to buy high and sell low? Gotta watch out for those crafty mutual fund managers!
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Vicente
12 months ago
Hmm, this one's a bit tricky. I'm leaning towards B since that's the price investors receive on redemptions.
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Anjelica
10 months ago
Actually, it's B, that investors receive on redemptions.
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Tracey
11 months ago
I agree, it makes sense that it would be all of these.
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Adolph
11 months ago
I think it's D, all of these.
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Herminia
1 year ago
I agree with Chaya. The question is specifically about the price, not just the NAV. D is too broad.
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Roslyn
11 months ago
C) Per share NAV
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Mirta
11 months ago
B) That investors receive on redemptions
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Catina
11 months ago
A) That investors pay to purchase mutual fund
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Chaya
1 year ago
A and B look like the correct answers to me. The question is asking about the price, not just the NAV.
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Cherry
11 months ago
D) All of these
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Stephaine
11 months ago
B) That investors receive on redemptions
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Zona
12 months ago
A) That investors pay to purchase mutual fund
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Selma
1 year ago
Option D seems like the most comprehensive answer. Covers both purchase and redemption prices.
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Lourdes
11 months ago
I always go for the option that covers all the bases.
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Carole
11 months ago
Definitely, makes it easier to understand how the pricing works.
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Jenise
11 months ago
It's convenient to have all the information in one answer.
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Kanisha
12 months ago
I agree, option D covers both purchase and redemption prices.
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Bulah
12 months ago
Yes, Option D is the correct answer. It includes both the purchase and redemption prices.
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Bulah
1 year ago
Option D seems like the most comprehensive answer. Covers both purchase and redemption prices.
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Daniel
1 year ago
Yes, that makes sense. So the correct answer is D) All of these.
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Shantay
1 year ago
I agree with Dick. The per-share NAV plus any fees is the price that investors pay to purchase mutual fund and receive on redemptions.
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Dick
1 year ago
I think the answer is D) All of these.
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