Which of the following BEST describes the 'public offering price' (POP) of a Class A mutual fund share?

Which of the following BEST describes the

Multiple choice — select the best answer

ANAV plus the applicable front-end sales load
BNAV reduced by the contingent deferred sales charge
CThe prior day's closing market price on a national exchange
DNAV minus any accrued income dividends

✓ Correct answer: A. NAV plus the applicable front-end sales load The public offering price of a Class A open-end mutual fund share equals the NAV plus any front-end sales load; open-end funds do not trade on exchanges, so there is no market price distinct from the fund's own calculated POP.

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Which of the following BEST describes the 'public offering price' (POP) of a Class A mutual fund share?

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