mutual fund prices

Jul 03
2009

mutual fund prices
Buying A Mutual Fund..Which Price Do They Use?

If I buy a mutual fund today and submit an order, it takes roughly 2 business days to show up in my account. Do they take the price I bought it for now or the price at what it is 2 days from now at the closing price?

You buy it at the NAV price for the day the order is executed, not the day of final settlement.

21. Mutual Funds 1: What is a Mutual Fund?


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