Series 7 Exam Prep 36, Mutual Fund Structure and NAV
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Open-end mutual funds continuously issue and redeem shares directly with investors. - All mutual fund orders are subject to the forward pricing rule, executing at the Net Asset Value (NAV) calculated after the order is received, typically at the 4:00 PM market…
The skinny
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