About this episode
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam.
In this episode you will learn:
- The exact formula for calculating a mutual fund's Net Asset Value (NAV).
- How to apply the NAV formula with a clear, step-by-step numerical example.
- The regulatory requirement for mutual funds to calculate NAV at least once daily.
- What "forward pricing" means and how it determines the price an investor receives.
- Common exam traps related to order timing and the difference between redemption price and purchase price.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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