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If the dollar value of a mutual fund's assets and liabilities remains constant, a decrease in the number of the fund's outstanding shares will:

Increase the fund's Net Asset Value (NAV)

Have no effect in the fund's Net Asset Value (NAV)

Decrease the fund's Net Asset Value (NAV)

Increase the fund's Net Asset Value (NAV) in the short-term but decrease it in the long-term

None of the above

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92367377

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