The approximate per-share NAV plus any fees the fund imposes is the price:
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A. B. C. D.A
The answer to this question is option A: "That investors pay to purchase mutual fund."
The Net Asset Value (NAV) of a mutual fund is the total value of all the securities held by the fund, minus any liabilities, divided by the total number of outstanding shares. The NAV is calculated at the end of each trading day and represents the per-share value of the fund.
Investors who purchase shares in a mutual fund typically pay the per-share NAV plus any fees the fund imposes, such as sales charges, 12b-1 fees, or redemption fees. The per-share NAV plus these fees is the price that investors pay to purchase the mutual fund.
When investors redeem their shares in a mutual fund, they receive the per-share NAV at the time of redemption, minus any redemption fees that may apply. Therefore, option B, "That investors receive on redemptions," is not correct.
Option C, "Per share NAV," is partially correct, but it does not take into account the additional fees that the mutual fund may impose.
Option D, "All of these," is also not correct because the price that investors pay to purchase a mutual fund and the price that investors receive on redemptions are not the same. Additionally, option D implies that the answer includes the per-share NAV without any additional fees, which is not accurate.